1006 Cohassett AveLake 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
Investment property for sale in Lake Wales at 1006 Cohassett Ave, Lake Wales, FL, 33853 uses $53,007 cash to close to unlock $2,130/yr annual cash flow and $178/mo monthly cash flow. Total monthly income runs $1,239/mo, and a $783/mo payment keeps the spread at $178/mo. Purchase price stands at $159,900, and rental yield measures 9.3% with $1,239/mo rent. Return on cash invested shows 23.93% in year one, and 5% annual appreciation builds toward $44,177 over five years. Five-year ROI reaches 125.02% and total cumulative return in cash records $66,270. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,239/mo property income covering a $783/mo payment rather than investor’s personal income.
Single Family
Built in 1952
8,912 sqft 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: Sandy Music • MUSIC REALTY
Mls Name: Stellar MLS
Mls ID: #P4935898