130 E Northside DriveLake 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 130 E Northside Drive, Lake Wales, FL, 33853 earns from $1,452/mo rent with a $1,273/mo payment. Total monthly income totals $1,452/mo. ROI tracks 16.1% on current figures, and rental yield reads 6.7% at a $260,000 purchase. Equity gained on principal adds $1,678/yr, and 5% annual appreciation supports $71,833 over five years. Five-year ROI reaches 83.03% and total cumulative return in cash sums $71,561. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,452/mo property income instead of your personal income.
Multi Family
Built in 1938
10,197 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: Penny Dias • Simon Gray Realty LLC
Mls Name: BeachesMLS
Mls ID: #RX-11150451