1351 Smokey RdLake WalesFL33859
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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 1351 Smokey Rd, Lake Wales, FL, 33859 earns $418/mo cash flow from $1,612/mo rent with a $881/mo payment. Total monthly income totals $1,612/mo, and annual cash flow totals $5,012/yr on $59,637 capital. ROI tracks 28.31% on current figures, and rental yield reads 10.75% at a $179,900 purchase. Equity gained on principal adds $1,161/yr, and 5% annual appreciation supports $49,703 over five years. Five-year ROI reaches 148.51% and total cumulative return in cash sums $88,569. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,612/mo property income instead of your personal income.
Single Family
Built in 1967
6,773 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33859, Lake Wales, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,900 (100%) |
| Owner Occupied HU | 4,212 (61.0%) |
| Renter Occupied HU | 1,592 (23.1%) |
| Vacant Housing Units | 1,096 (15.9%) |
| Median Home Value | $272,083 |
| Average Home Value | $311,644 |
Housing Distribution
Address Breakdown
Residential
5,567
Single Family
4,994
Multi-Family
573
Businesses
573
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