66 Saddlebag TrlLake WalesFL33898
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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
Investment property for sale in Lake Wales at 66 Saddlebag Trl, Lake Wales, FL, 33898 offers a 11.11% rental yield on a $132,900 purchase with $1,230/mo rent. Total monthly income registers $1,230/mo, and a $650/mo payment leaves $349/mo available for distribution. Annual cash flow reaches $4,182/yr on $44,056 to close, and return on cash invested stands at 29.4% in year one. Equity gained on principal adds $858/yr while 5% annual appreciation supports $36,718 over five years. Portfolio math shows five-year ROI at 154.39% and total cumulative return in cash at $68,017. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,230/mo property income against a $650/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1993
4,360 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33898, Lake Wales, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,977 (100%) |
| Owner Occupied HU | 5,967 (59.8%) |
| Renter Occupied HU | 1,521 (15.2%) |
| Vacant Housing Units | 2,489 (24.9%) |
| Median Home Value | $264,397 |
| Average Home Value | $297,827 |
Housing Distribution
Address Breakdown
Residential
8,631
Single Family
7,356
Multi-Family
1,275
Businesses
180
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Listed by: Kris Bender • BENDER REALTY, LLC
Mls Name: Stellar MLS
Mls ID: #K4903097