3418 Howell DrLake WalesFL33859
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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
Rental property for sale in Lake Wales at 3418 Howell Dr, Lake Wales, FL, 33859 priced at $302,090 converts $2,454/mo rent into $354/mo cash flow after a $1,479/mo obligation. Total monthly income equals $2,454/mo, and annual cash flow totals $4,246/yr on $100,143 invested. Return on cash invested prints 24.15% in year one, and rental yield reads 9.75% against a $302,090 entry. Equity gained on principal adds $1,949/yr, while 5% annual appreciation compiles into $83,462 by year five. Five-year ROI reaches 126.58% and total cumulative return in cash sums $126,764. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,454/mo property income covering a $1,479/mo payment, not borrower’s personal income.
Single Family
Built in 2024
5,329 sqft lot
$N/A/sqft
$95 monthly 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 Provider:
Mls ID: #TB8361989
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