1024 Campbell AveLake WalesFL33853
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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 Wales at 1024 Campbell Ave, Lake Wales, FL, 33853 priced at $230,000 converts $1,822/mo rent into $108/mo cash flow after a $1,126/mo obligation. Total monthly income equals $1,822/mo, and annual cash flow totals $1,296/yr on $76,245 invested. Return on cash invested prints 21.61% in year one, and rental yield reads 9.51% against a $230,000 entry. Equity gained on principal adds $1,484/yr, while 5% annual appreciation compiles into $63,545 by year five. Five-year ROI reaches 113.61% and total cumulative return in cash sums $86,623. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,822/mo property income covering a $1,126/mo payment, not borrower’s personal income.
Single Family
Built in 1954
0.69 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: Cheryl Bossarte • POLK REAL ESTATE LLC
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #P4934656
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Some IDX listings have been excluded from this website. Listing Information presented by local MLS brokerage: Zillow, Inc - (407) 904-3511