26 Silversides StLake 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
Rental property for sale in Lake Wales at 26 Silversides St, Lake Wales, FL, 33898 priced at $115,000 pairs $1,566/mo rent with $576/mo cash flow after a $563/mo payment. Total monthly income equals $1,566/mo, and annual cash flow comes to $6,909/yr on $38,123 invested. Return on cash invested is 38.03% in year one, and rental yield stands at 16.34% on a $115,000 basis. Equity gained on principal adds $742/yr, and 5% annual appreciation accumulates to $31,772 by year five. Five-year ROI measures 203.24% and total cumulative return in cash reaches $77,481. For financing, Ziffy Mortgage’s DSCR program evaluates $1,566/mo property income against a $563/mo payment instead of your W2s, 1099s, or Tax returns.
Manufactured
Built in 1981
4,051 sqft lot
$N/A/sqft
$227 monthly 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: Kris Bender • BENDER REALTY, LLC
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #K4902518
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