126 Northside Dr ELake WalesFL33853
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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
Investment property for sale in Lake Wales at 126 Northside Dr E, Lake Wales, FL, 33853 at $259,900 posts ROI 28.16% with $592/mo cash flow from $2,317/mo rent. Total monthly income equals $2,317/mo, and annual cash flow records $7,108/yr on $86,157 to close. Return on cash invested measures 28.16% and rental yield reads 10.7% at the current $259,900. Equity gained on principal adds $1,677/yr, and 5% annual appreciation supports $71,806 by year five. Five-year ROI prints 147.71% and total cumulative return in cash totals $127,258.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,317/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Home Type Unknown
Built in 1971
0.34 Acres 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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Nearby investment properties with comparable prices
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