38 W Orange 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
Rental property for sale in Lake Wales at 38 W Orange Ave, Lake Wales, FL, 33853 generates $1,129/mo in rent, after a $925/mo payment. Total monthly income is $1,129/mo. Return on cash invested sits at 17.51% in year one, and rental yield is 7.17% on a $189,000 entry. Equity gained on principal adds $1,220/yr, while 5% annual appreciation builds toward $52,217 over five years. Five-year ROI reaches 90.59% and total cumulative return in cash sums $56,758. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,129/mo property income rather than buyer’s personal income.
Multi Family
Built in 1925
0.45 Acres 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: Heidi Gravel • WESTLAKE REAL ESTATE CO., INC.
Mls Name: Stellar MLS
Mls ID: #K4903065