3462 Tower Overlook Dr #67Lake 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 3462 Tower Overlook Dr #67, Lake Wales, FL, 33859 offers a 9.7% rental yield on a $120,000 purchase with $970/mo rent. Total monthly income registers $970/mo, and a $587/mo payment leaves $174/mo available for distribution. Annual cash flow reaches $2,088/yr on $39,780 to close, and return on cash invested stands at 25.16% in year one. Equity gained on principal adds $774/yr while 5% annual appreciation supports $33,154 over five years. Portfolio math shows five-year ROI at 131.54% and total cumulative return in cash at $52,327. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $970/mo property income against a $587/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1988
N/A 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: Darla Lehmkuhl • CRF Communities
Mls Name: My State MLS
Mls ID: #11420078