403 E Johnson 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
Investment property for sale in Lake Wales at 403 E Johnson Ave, Lake Wales, FL, 33853 earns $189/mo cash flow from $1,284/mo rent with a $808/mo payment. Total monthly income totals $1,284/mo, and annual cash flow totals $2,263/yr on $54,698 capital. ROI tracks 24.05% on current figures, and rental yield reads 9.34% at a $165,000 purchase. Equity gained on principal adds $1,065/yr, and 5% annual appreciation supports $45,586 over five years. Five-year ROI reaches 125.64% and total cumulative return in cash sums $68,723. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,284/mo property income instead of your personal income.
Single Family
Built in 1948
6,521 sqft 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: Michael Stone • THE STONES REAL ESTATE FIRM
Mls Name: Stellar MLS
Mls ID: #P4936735