126 Ridge Manor DrLake WalesFL33853
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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 126 Ridge Manor Dr, Lake Wales, FL, 33853 earns $120/mo cash flow from $1,016/mo rent with a $661/mo payment. Total monthly income totals $1,016/mo, and annual cash flow totals $1,438/yr on $44,753 capital. ROI tracks 23.12% on current figures, and rental yield reads 9.03% at a $135,000 purchase. Equity gained on principal adds $871/yr, and 5% annual appreciation supports $37,298 over five years. Five-year ROI reaches 120.66% and total cumulative return in cash sums $54,001. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,016/mo property income instead of your personal income.
Manufactured
Built in 1983
7,362 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: Clarisa Moody • MARZUCCO REAL ESTATE
Mls Name: Stellar MLS
Mls ID: #TB8456046