400 Lake Suzanne DrLake 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
Rental property for sale in Lake Wales at 400 Lake Suzanne Dr, Lake Wales, FL, 33859 generates $2,378/mo in rent and, after a $1,493/mo payment, leaves $354/mo in cash flow. Total monthly income is $2,378/mo, and annual cash flow is $4,245/yr on $101,108 invested. Return on cash invested sits at 24.11% in year one, and rental yield is 9.36% on a $305,000 entry. Equity gained on principal adds $1,968/yr, while 5% annual appreciation builds toward $84,266 over five years. Five-year ROI reaches 125.95% and total cumulative return in cash sums $127,342. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,378/mo property income rather than buyer’s personal income.
Single Family
Built in 2005
5,462 sqft 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: Eileen Belanger • CENTURY 21 MYERS REALTY LAKE WALES
Mls Name: Stellar MLS
Mls ID: #P4936389