216 Rivermill WayLake 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 216 Rivermill Way, Lake Wales, FL, 33859 earns $181/mo cash flow from $2,454/mo rent with a $1,603/mo payment. Total monthly income totals $2,454/mo, and annual cash flow totals $2,168/yr on $108,552 capital. ROI tracks 21.91% on current figures, and rental yield reads 8.99% at a $327,457 purchase. Equity gained on principal adds $2,113/yr, and 5% annual appreciation supports $90,470 over five years. Five-year ROI reaches 114.55% and total cumulative return in cash sums $124,348. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,454/mo property income instead of your personal income.
Single Family
Built in 2025
6,534 sqft lot
$N/A/sqft
$100 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: Tara Garkowski • KELLER WILLIAMS ADVANTAGE REALTY
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #O6369483
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