2024 Lemon DrLake 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
Rental property for sale in Lake Wales at 2024 Lemon Dr, Lake Wales, FL, 33898 priced at $210,000 pairs $1,800/mo rent with $406/mo cash flow after a $1,028/mo payment. Total monthly income equals $1,800/mo, and annual cash flow comes to $4,875/yr on $69,615 invested. Return on cash invested is 26.91% in year one, and rental yield stands at 10.29% on a $210,000 basis. Equity gained on principal adds $1,355/yr, and 5% annual appreciation accumulates to $58,019 by year five. Five-year ROI measures 141.04% and total cumulative return in cash reaches $98,188. For financing, Ziffy Mortgage’s DSCR program evaluates $1,800/mo property income against a $1,028/mo payment instead of your W2s, 1099s, or Tax returns.
Manufactured
Built in 2004
0.50 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: Melinda Foley • ALL FLORIDA PROPERTY GROUP,INC
Mls Name: Stellar MLS
Mls ID: #O6367043