1329 Morningside 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 1329 Morningside Dr, Lake Wales, FL, 33853 offers a 9.49% rental yield on a $145,000 purchase with $1,147/mo rent. Total monthly income registers $1,147/mo, and a $710/mo payment leaves $184/mo available for distribution. Annual cash flow reaches $2,214/yr on $48,068 to close, and return on cash invested stands at 24.51% in year one. Equity gained on principal adds $936/yr while 5% annual appreciation supports $40,061 over five years. Portfolio math shows five-year ROI at 128.19% and total cumulative return in cash at $61,616. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,147/mo property income against a $710/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1954
10,215 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: Jennifer Daniell • LA ROSA REALTY PRESTIGE
Mls Name: Stellar MLS
Mls ID: #P4935802