127 E Northside 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
Total monthly income runs $1,301/mo, and a $1,101/mo payment. Purchase price stands at $225,000, and rental yield measures 6.94% with $1,301/mo rent. Return on cash invested shows 16.82% in year one, and 5% annual appreciation builds toward $62,163 over five years. Five-year ROI reaches 86.94% and total cumulative return in cash records $64,845. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,301/mo property income covering a $1,101/mo payment rather than investor’s personal income.
Manufactured
Built in 1987
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: Marsha Rattigan • RE/MAX SELECT GROUP
Mls Name: Stellar MLS
Mls ID: #O6327590