3478 Howell DrLake WalesFL33853
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 3478 Howell Dr, Lake Wales, FL, 33853 listed at $253,600 pairs $2,220/mo rent with a $1,241/mo payment to leave $537/mo cash flow. Total monthly income runs $2,220/mo, and annual cash flow reaches $6,448/yr on $84,068 cash to close. Return on cash invested measures 27.58% in year one, and rental yield registers 10.5% at a $253,600 basis. Equity gained on principal adds $1,636/yr, and annual property appreciation at 5% supports $70,065 by year five. Five-year ROI tracks 144.6% and total cumulative return in cash totals $121,560. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,220/mo property income relative to a $1,241/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in N/A
N/A 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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Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: Zillow Rentals
Mls ID: #N/A