1068 Highland Crest CirLake 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 1068 Highland Crest Cir, Lake Wales, FL, 33853 earns $638/mo cash flow from $2,291/mo rent with a $1,219/mo payment. Total monthly income totals $2,291/mo, and annual cash flow totals $7,660/yr on $82,544 capital. ROI tracks 29.19% on current figures, and rental yield reads 11.04% at a $249,000 purchase. Equity gained on principal adds $1,607/yr, and 5% annual appreciation supports $68,794 over five years. Five-year ROI reaches 153.22% and total cumulative return in cash sums $126,476. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,291/mo property income instead of your personal income.
Single Family
Built in 2004
10,616 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: Lesley Guarino • CITRAVEST MANAGEMENT LLC
Mls Name: Stellar MLS
Mls ID: #O6346114