16 Easy StLake 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
Investment property for sale in Lake Wales at 16 Easy St, Lake Wales, FL, 33898 uses $48,068 cash to close to unlock $2,034/yr annual cash flow and $169/mo monthly cash flow. Total monthly income runs $1,132/mo, and a $710/mo payment keeps the spread at $169/mo. Purchase price stands at $145,000, and rental yield measures 9.37% with $1,132/mo rent. Return on cash invested shows 24.14% in year one, and 5% annual appreciation builds toward $40,061 over five years. Five-year ROI reaches 126.19% and total cumulative return in cash records $60,656. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,132/mo property income covering a $710/mo payment rather than investor’s personal income.
Single Family
Built in 1978
0.33 Acres lot
$N/A/sqft
No 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: Alvaro Jarquin Bernard • LA ROSA REALTY PRESTIGE
Mls Name: Stellar MLS
Mls ID: #L4955626