2820 Silver Spur LoopLake 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 2820 Silver Spur Loop, Lake Wales, FL, 33898 uses $39,780 cash to close to unlock $1,798/yr annual cash flow and $150/mo monthly cash flow. Total monthly income runs $957/mo, and a $587/mo payment keeps the spread at $150/mo. Purchase price stands at $120,000, and rental yield measures 9.57% with $957/mo rent. Return on cash invested shows 24.43% in year one, and 5% annual appreciation builds toward $33,154 over five years. Five-year ROI reaches 127.77% and total cumulative return in cash records $50,827. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $957/mo property income covering a $587/mo payment rather than investor’s personal income.
Manufactured
Built in 1984
1.00 Acres 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: Christopher Smith • LOCKHART & ASSOCIATES INC
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #P4935767
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