339 E Central AveLake WalesFL33853
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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 339 E Central Ave, Lake Wales, FL, 33853 uses $82,544 cash to close to unlock $2,128/yr annual cash flow and $177/mo monthly cash flow. Total monthly income runs $1,830/mo, and a $1,219/mo payment keeps the spread at $177/mo. Purchase price stands at $249,000, and rental yield measures 8.82% with $1,830/mo rent. Return on cash invested shows 22.49% in year one, and 5% annual appreciation builds toward $68,794 over five years. Five-year ROI reaches 117.29% and total cumulative return in cash records $96,812. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,830/mo property income covering a $1,219/mo payment rather than investor’s personal income.
Single Family
Built in 1930
8,991 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33853, Lake Wales, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,290 (100%) |
| Owner Occupied HU | 2,614 (49.4%) |
| Renter Occupied HU | 2,091 (39.5%) |
| Vacant Housing Units | 585 (11.1%) |
| Median Home Value | $262,414 |
| Average Home Value | $297,182 |
Housing Distribution
Address Breakdown
Residential
4,964
Single Family
4,540
Multi-Family
424
Businesses
582
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Listed by: Petru Pusta • KARIZA CAPITAL REALTY, LLC
Mls Name: Stellar MLS
Mls ID: #V4944430