1701 Sanford StLake 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 1701 Sanford St, Lake Wales, FL, 33859 uses $62,985 cash to close to unlock $2,365/yr annual cash flow and $197/mo monthly cash flow. Total monthly income runs $1,458/mo, and a $930/mo payment keeps the spread at $197/mo. Purchase price stands at $190,000, and rental yield measures 9.21% with $1,458/mo rent. Return on cash invested shows 23.66% in year one, and 5% annual appreciation builds toward $52,494 over five years. Five-year ROI reaches 123.65% and total cumulative return in cash records $77,880. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,458/mo property income covering a $930/mo payment rather than investor’s personal income.
Single Family
Built in 1973
1.53 Acres 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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Listed by: Jeremy Perez • WEICHERT REALTORS HALLMARK PRO
Mls Name: Stellar MLS
Mls ID: #S5139935