1854 Highland Park Dr S #A-fLake 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 1854 Highland Park Dr S #A-f, Lake Wales, FL, 33898 listed at $824,900 pairs $2,274/mo rent with a $4,037/mo payment. Total monthly income runs $2,274/mo. Return on cash invested measures 5.91% in year one, and rental yield registers 3.31% at a $824,900 basis. Equity gained on principal adds $5,323/yr, and annual property appreciation at 5% supports $227,905 by year five. Five-year ROI tracks 28.35% and total cumulative return in cash totals $76,933. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,274/mo property income relative to a $4,037/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 1923
0.99 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: Dolores Vogel • LEGACY REAL ESTATE CENTER INC
Mls Name: Stellar MLS
Mls ID: #K4902471