159 Cypress Knees DrLake WalesFL33859
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 159 Cypress Knees Dr, Lake Wales, FL, 33859 offers $2,454/mo rent that, after a $1,575/mo payment, leaves $219/mo cash flow. Total monthly income is $2,454/mo, and annual cash flow is $2,622/yr on $106,682 cash. Return on cash invested measures 22.37% in year one, and rental yield stands at 9.15% at a $321,817 entry. Equity gained on principal adds $2,077/yr while 5% annual appreciation compounds into $88,912 by year five. Five-year ROI records 117.04% and total cumulative return in cash reaches $124,858. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,454/mo property income versus a $1,575/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
6,534 sqft lot
$N/A/sqft
$100 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tara Garkowski • KELLER WILLIAMS ADVANTAGE REAL
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #O6264378
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