4118 Penelope AveLake 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 4118 Penelope Ave, Lake Wales, FL, 33859 listed at $364,950 pairs $2,454/mo rent with a $1,786/mo payment to leave $24/mo cash flow. Total monthly income runs $2,454/mo, and annual cash flow reaches $293/yr on $120,981 cash to close. Return on cash invested measures 20.15% in year one, and rental yield registers 8.07% at a $364,950 basis. Equity gained on principal adds $2,355/yr, and annual property appreciation at 5% supports $100,829 by year five. Five-year ROI tracks 104.78% and total cumulative return in cash totals $126,760. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,454/mo property income relative to a $1,786/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2025
7,200 sqft lot
$N/A/sqft
$8 monthly 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: Nancy Pruitt, PA • OLYMPUS EXECUTIVE REALTY INC
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #G5095674
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