11672 State Road 60 ELake 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 11672 State Road 60 E, Lake Wales, FL, 33898 generates $1,029/mo in rent and, after a $636/mo payment, leaves $167/mo in cash flow. Total monthly income is $1,029/mo, and annual cash flow is $2,001/yr on $43,062 invested. Return on cash invested sits at 24.56% in year one, and rental yield is 9.51% on a $129,900 entry. Equity gained on principal adds $838/yr, while 5% annual appreciation builds toward $35,889 over five years. Five-year ROI reaches 128.37% and total cumulative return in cash sums $55,279. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,029/mo property income rather than buyer’s personal income.
Manufactured
Built in 1983
2.08 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: Angela Gann • KELLER WILLIAMS ELITE PARTNERS III REALTY
Mls Name: Stellar MLS
Mls ID: #G5101860