293 Edgewood BlvdLake WalesFL33898
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
Investment Highlights
Investment property for sale in Lake Wales at 293 Edgewood Blvd, Lake Wales, FL, 33898 earns $162/mo cash flow from $1,157/mo rent with a $734/mo payment. Total monthly income totals $1,157/mo, and annual cash flow totals $1,943/yr on $49,692 capital. ROI tracks 23.82% on current figures, and rental yield reads 9.26% at a $149,900 purchase. Equity gained on principal adds $967/yr, and 5% annual appreciation supports $41,415 over five years. Five-year ROI reaches 124.39% and total cumulative return in cash sums $61,811. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,157/mo property income instead of your personal income.
Manufactured
Built in 1991
5,663 sqft 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: Patricia De Graaff, LLC • RE/MAX HERITAGE PROFESSIONALS
Mls Name: Stellar MLS
Mls ID: #S5137933