3031 Azalea AveLake 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 3031 Azalea Ave, Lake Wales, FL, 33898 uses $62,654 cash to close to unlock $6,454/yr annual cash flow and $538/mo monthly cash flow. Total monthly income runs $1,792/mo, and a $925/mo payment keeps the spread at $538/mo. Purchase price stands at $189,000, and rental yield measures 11.38% with $1,792/mo rent. Return on cash invested shows 30.21% in year one, and 5% annual appreciation builds toward $52,217 over five years. Five-year ROI reaches 158.68% and total cumulative return in cash records $99,418. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,792/mo property income covering a $925/mo payment rather than investor’s personal income.
Single Family
Built in 1954
7,858 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jared Kuchinskas • EXP REALTY LLC
Mls Name: Stellar MLS
Mls ID: #S5139180