2798 Pennachio DrLake WalesFL33859
INVESTMENT ANALYSIS
Investment Verdict
Solid Income2798 Pennachio Dr, Lake Wales, FL, 33859 in Lake Wales is a solid income-producing rental, 9.26% gross yield, $2,226/mo rent, $312/mo net cash flow on a $288,440 buy. DSCR 1.72 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $79,691 and $2,657/yr in principal reduction project a total cumulative return of $130,020.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.3% | 6.0% |
| Monthly Cash Flow | $312 | $300 |
City averages based on Lake Wales market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,226 |
| Total Monthly Debt Service | $1,799 |
| DSCR Ratio | 1.24x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2025
6,534 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 2025
6,534 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ben Goldstein • LENNAR REALTY
Mls Name: Stellar MLS
Mls ID: #O6338008