230 D StLake WalesFL33853
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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 230 D St, Lake Wales, FL, 33853 priced at $197,000 converts $1,447/mo rent into $140/mo cash flow after a $964/mo obligation. Total monthly income equals $1,447/mo, and annual cash flow totals $1,679/yr on $65,306 invested. Return on cash invested prints 22.48% in year one, and rental yield reads 8.81% against a $197,000 entry. Equity gained on principal adds $1,271/yr, while 5% annual appreciation compiles into $54,427 by year five. Five-year ROI reaches 117.2% and total cumulative return in cash sums $76,538. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,447/mo property income covering a $964/mo payment, not borrower’s personal income.
Single Family
Built in 1954
5,924 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33853, Lake Wales, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,290 (100%) |
| Owner Occupied HU | 2,614 (49.4%) |
| Renter Occupied HU | 2,091 (39.5%) |
| Vacant Housing Units | 585 (11.1%) |
| Median Home Value | $262,414 |
| Average Home Value | $297,182 |
Housing Distribution
Address Breakdown
Residential
4,964
Single Family
4,540
Multi-Family
424
Businesses
582
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Listed by: Ralph Harvey • LISTWITHFREEDOM.COM
Mls Name: Stellar MLS
Mls ID: #W7881647