236 Washington AveLake 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
Investment property for sale in Lake Wales at 236 Washington Ave, Lake Wales, FL, 33853 at $725,000 posts ROI 2.81% with from $1,382/mo rent. Total monthly income equals $1,382/mo. Return on cash invested measures 2.81% and rental yield reads 2.29% at the current $725,000. Equity gained on principal adds $4,678/yr, and 5% annual appreciation supports $200,304 by year five. Five-year ROI prints 11.69% and total cumulative return in cash totals $27,881. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,382/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Multi Family
Built in 1950
0.35 Acres 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: Erich Spivey • ALABAMA LLC
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #O6243795
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