1113 Big Oak 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 1113 Big Oak Dr, Lake Wales, FL, 33898 generates $1,421/mo in rent and, after a $1,003/mo payment, leaves $61/mo in cash flow. Total monthly income is $1,421/mo, and annual cash flow is $732/yr on $67,958 invested. Return on cash invested sits at 20.99% in year one, and rental yield is 8.32% on a $205,000 entry. Equity gained on principal adds $1,323/yr, while 5% annual appreciation builds toward $56,638 over five years. Five-year ROI reaches 109.19% and total cumulative return in cash sums $74,202. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,421/mo property income rather than buyer’s personal income.
Manufactured
Built in 2007
0.29 Acres 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: Susana Martin • LA ROSA REALTY KISSIMMEE
Mls Name: Stellar MLS
Mls ID: #S5128463