2822 Pennachio DrLake 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
Investment property for sale in Lake Wales at 2822 Pennachio Dr, Lake Wales, FL, 33859 listed at $260,740 pairs $2,340/mo rent with a $1,276/mo payment to leave $610/mo cash flow. Total monthly income runs $2,340/mo, and annual cash flow reaches $7,319/yr on $86,435 cash to close. Return on cash invested measures 28.38% in year one, and rental yield registers 10.77% at a $260,740 basis. Equity gained on principal adds $1,683/yr, and annual property appreciation at 5% supports $72,038 by year five. Five-year ROI tracks 148.83% and total cumulative return in cash totals $128,638. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,340/mo property income relative to a $1,276/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
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
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Listed by: Ben Goldstein • LENNAR REALTY
Mls Name: Stellar MLS
Mls ID: #O6358855