246 Chalet Estates StLake 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
Rental property for sale in Lake Wales at 246 Chalet Estates St, Lake Wales, FL, 33859 offers $2,053/mo rent that, after a $1,184/mo payment, leaves $448/mo cash flow. Total monthly income is $2,053/mo, and annual cash flow is $5,370/yr on $80,223 cash. Return on cash invested measures 26.6% in year one, and rental yield stands at 10.18% at a $242,000 entry. Equity gained on principal adds $1,562/yr while 5% annual appreciation compounds into $66,860 by year five. Five-year ROI records 139.34% and total cumulative return in cash reaches $111,786. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,053/mo property income versus a $1,184/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2005
5,489 sqft 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: Karel Cain • COLDWELL BANKER REALTY
Mls Name: Stellar MLS
Mls ID: #P4936473