202 Genesis Pointe Dr #202Lake 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 202 Genesis Pointe Dr #202, Lake Wales, FL, 33859 uses $44,753 cash to close to unlock $5,758/yr annual cash flow and $480/mo monthly cash flow. Total monthly income runs $1,796/mo, and a $661/mo payment keeps the spread at $480/mo. Purchase price stands at $135,000, and rental yield measures 15.96% with $1,796/mo rent. Return on cash invested shows 32.78% in year one, and 5% annual appreciation builds toward $37,298 over five years. Five-year ROI reaches 176.52% and total cumulative return in cash records $78,997. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,796/mo property income covering a $661/mo payment rather than investor’s personal income.
Condo
Built in 1984
1,479 sqft lot
$N/A/sqft
$420 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
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Listed by: Brandy Waters • COLDWELL BANKER REALTY
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #P4931872
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