355 S Glencruiten AveLake AlfredFL33850
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Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Lake Alfred at 355 S Glencruiten Ave, Lake Alfred, FL, 33850 priced at $240,000 pairs $1,716/mo rent with $123/mo cash flow after a $1,175/mo payment. Total monthly income equals $1,716/mo, and annual cash flow comes to $1,476/yr on $79,560 invested. Return on cash invested is 21.76% in year one, and rental yield stands at 8.58% on a $240,000 basis. Equity gained on principal adds $1,549/yr, and 5% annual appreciation accumulates to $66,308 by year five. Five-year ROI measures 113.37% and total cumulative return in cash reaches $90,194. For financing, Ziffy Mortgage’s DSCR program evaluates $1,716/mo property income against a $1,175/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1955
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33850, Lake Alfred, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,076 (100%) |
| Owner Occupied HU | 3,644 (71.8%) |
| Renter Occupied HU | 843 (16.6%) |
| Vacant Housing Units | 589 (11.6%) |
| Median Home Value | $276,374 |
| Average Home Value | $301,478 |
Housing Distribution
Address Breakdown
Residential
4,175
Single Family
3,832
Multi-Family
343
Businesses
239
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Listed by: Donna Fiore • ENGEL & VOELKERS LAKELAND
Mls Name: Stellar MLS
Mls ID: #L4957660