1061 Hiawatha 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
Rental property for sale in Lake Wales at 1061 Hiawatha Ave, Lake Wales, FL, 33853 generates $1,579/mo in rent and, after a $1,121/mo payment, leaves $59/mo in cash flow. Total monthly income is $1,579/mo, and annual cash flow is $710/yr on $75,914 invested. Return on cash invested sits at 20.84% in year one, and rental yield is 8.27% on a $229,000 entry. Equity gained on principal adds $1,478/yr, while 5% annual appreciation builds toward $63,268 over five years. Five-year ROI reaches 108.49% and total cumulative return in cash sums $82,361. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,579/mo property income rather than buyer’s personal income.
Single Family
Built in 1960
5,428 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: Cheryl Bossarte • POLK REAL ESTATE LLC
Mls Name: Stellar MLS
Mls ID: #P4936421