118 W Northside DrLake WalesFL33853
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 118 W Northside Dr, Lake Wales, FL, 33853 priced at $185,000 pairs $1,409/mo rent with $182/mo cash flow after a $905/mo payment. Total monthly income equals $1,409/mo, and annual cash flow comes to $2,181/yr on $61,328 invested. Return on cash invested is 23.47% in year one, and rental yield stands at 9.14% on a $185,000 basis. Equity gained on principal adds $1,194/yr, and 5% annual appreciation accumulates to $51,112 by year five. Five-year ROI measures 122.49% and total cumulative return in cash reaches $75,123. For financing, Ziffy Mortgage’s DSCR program evaluates $1,409/mo property income against a $905/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1941
5,746 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: Deana Lainhart • KELLER WILLIAMS REALTY SMART
Mls Name: Stellar MLS
Mls ID: #L4950887