2238 Parrot Pl #270Lake 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 2238 Parrot Pl #270, Lake Wales, FL, 33859 uses $34,808 cash to close to unlock $1,597/yr annual cash flow and $133/mo monthly cash flow. Total monthly income runs $830/mo, and a $514/mo payment keeps the spread at $133/mo. Purchase price stands at $105,000, and rental yield measures 9.49% with $830/mo rent. Return on cash invested shows 24.5% in year one, and 5% annual appreciation builds toward $29,010 over five years. Five-year ROI reaches 128.15% and total cumulative return in cash records $44,606. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $830/mo property income covering a $514/mo payment rather than investor’s personal income.
Manufactured
Built in 1994
N/A 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: Darla Lehmkuhl • CRF Communities
Mls Name: My State MLS
Mls ID: #11410354