105 Candlewood DrLake 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
Rental property for sale in Lake Wales at 105 Candlewood Dr, Lake Wales, FL, 33898 generates $999/mo in rent and, after a $612/mo payment, leaves $169/mo in cash flow. Total monthly income is $999/mo, and annual cash flow is $2,031/yr on $41,438 invested. Return on cash invested sits at 24.81% in year one, and rental yield is 9.59% on a $125,000 entry. Equity gained on principal adds $807/yr, while 5% annual appreciation builds toward $34,535 over five years. Five-year ROI reaches 129.81% and total cumulative return in cash sums $53,789. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $999/mo property income rather than buyer’s personal income.
Manufactured
Built in 1985
4,617 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: Patricia De Graaff, LLC • RE/MAX HERITAGE PROFESSIONALS
Mls Name: Stellar MLS
Mls ID: #S5134054