729 Saratoga AveLakelandFL33815
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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 Lakeland at 729 Saratoga Ave, Lakeland, FL, 33815 priced at $205,000 converts $1,955/mo rent into $595/mo cash flow after a $1,003/mo obligation. Total monthly income equals $1,955/mo, and annual cash flow totals $7,140/yr on $67,958 invested. Return on cash invested prints 30.41% in year one, and rental yield reads 11.44% against a $205,000 entry. Equity gained on principal adds $1,323/yr, while 5% annual appreciation compiles into $56,638 by year five. Five-year ROI reaches 159.74% and total cumulative return in cash sums $108,558. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,955/mo property income covering a $1,003/mo payment, not borrower’s personal income.
Single Family
Built in 1961
8,999 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33815, Lakeland, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,876 (100%) |
| Owner Occupied HU | 3,784 (48.0%) |
| Renter Occupied HU | 2,810 (35.7%) |
| Vacant Housing Units | 1,282 (16.3%) |
| Median Home Value | $66,466 |
| Average Home Value | $172,967 |
Housing Distribution
Address Breakdown
Residential
6,830
Single Family
5,629
Multi-Family
1,201
Businesses
573
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