2402 Holmes Dr #49Lake 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
Investment property for sale in Lake Wales at 2402 Holmes Dr #49, Lake Wales, FL, 33898 earns $204/mo cash flow from $1,126/mo rent with a $680/mo payment. Total monthly income totals $1,126/mo, and annual cash flow totals $2,447/yr on $46,079 capital. ROI tracks 25.22% on current figures, and rental yield reads 9.72% at a $139,000 purchase. Equity gained on principal adds $897/yr, and 5% annual appreciation supports $38,403 over five years. Five-year ROI reaches 131.87% and total cumulative return in cash sums $60,764. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,126/mo property income instead of your personal income.
Manufactured
Built in 2003
N/A 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: Melissa Achterhof • Walden Shores
Mls Name: My State MLS
Mls ID: #11429335