702 Tartan LoopLake WalesFL33853
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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
Rental property for sale in Lake Wales at 702 Tartan Loop, Lake Wales, FL, 33853 offers $2,263/mo rent that, after a $1,346/mo payment, leaves $438/mo cash flow. Total monthly income is $2,263/mo, and annual cash flow is $5,256/yr on $91,163 cash. Return on cash invested measures 25.68% in year one, and rental yield stands at 9.87% at a $275,000 entry. Equity gained on principal adds $1,775/yr while 5% annual appreciation compounds into $75,977 by year five. Five-year ROI records 134.4% and total cumulative return in cash reaches $122,519. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,263/mo property income versus a $1,346/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2002
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33853, Lake Wales, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,290 (100%) |
| Owner Occupied HU | 2,614 (49.4%) |
| Renter Occupied HU | 2,091 (39.5%) |
| Vacant Housing Units | 585 (11.1%) |
| Median Home Value | $262,414 |
| Average Home Value | $297,182 |
Housing Distribution
Address Breakdown
Residential
4,964
Single Family
4,540
Multi-Family
424
Businesses
582
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Listed by: Sherry Peters • RICHARD PETERS REALTY LLC
Mls Name: Stellar MLS
Mls ID: #TB8456805