151 Cherrywood DrLake WalesFL33898
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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
Rental property for sale in Lake Wales at 151 Cherrywood Dr, Lake Wales, FL, 33898 priced at $134,900 pairs $1,078/mo rent with $3/mo cash flow after a $660/mo payment. Total monthly income equals $1,078/mo, and annual cash flow comes to $37/yr on $44,719 invested. Return on cash invested is 19.99% in year one, and rental yield stands at 9.59% on a $134,900 basis. Equity gained on principal adds $870/yr, and 5% annual appreciation accumulates to $37,270 by year five. Five-year ROI measures 105.74% and total cumulative return in cash reaches $47,285. For financing, Ziffy Mortgage’s DSCR program evaluates $1,078/mo property income against a $660/mo payment instead of your W2s, 1099s, or Tax returns.
Manufactured
Built in 1979
4,731 sqft lot
$N/A/sqft
$180 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33898, Lake Wales, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,977 (100%) |
| Owner Occupied HU | 5,967 (59.8%) |
| Renter Occupied HU | 1,521 (15.2%) |
| Vacant Housing Units | 2,489 (24.9%) |
| Median Home Value | $264,397 |
| Average Home Value | $297,827 |
Housing Distribution
Address Breakdown
Residential
8,631
Single Family
7,356
Multi-Family
1,275
Businesses
180
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Listed by: Miranda Harden • HARDEN REALTY & MANAGEMENT
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #B4901729
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Some IDX listings have been excluded from this website. Listing Information presented by local MLS brokerage: Zillow, Inc - (407) 904-3511