1163 Lake DrLake WalesFL33859
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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 1163 Lake Dr, Lake Wales, FL, 33859 with 5% annual appreciation on a $219,000 basis while $1,522/mo rent supports operations. Total monthly income totals $1,522/mo and a $1,072/mo payment preserves $69/mo for cash returns. Annual cash flow comes to $823/yr on $72,599 deployed, and return on cash invested reaches 21.04% in year one. Equity gained on principal adds $1,413/yr, and five-year appreciation sums $60,506 alongside rental yield of 8.34%. Five-year ROI measures 109.52% and total cumulative return in cash totals $79,509.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,522/mo property income versus a $1,072/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1961
10,724 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33859, Lake Wales, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,900 (100%) |
| Owner Occupied HU | 4,212 (61.0%) |
| Renter Occupied HU | 1,592 (23.1%) |
| Vacant Housing Units | 1,096 (15.9%) |
| Median Home Value | $272,083 |
| Average Home Value | $311,644 |
Housing Distribution
Address Breakdown
Residential
5,567
Single Family
4,994
Multi-Family
573
Businesses
573
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Listed by: Susan Brown • COLDWELL BANKER REALTY
Mls Name: Stellar MLS
Mls ID: #P4937427