4189 Limerick DrLake WalesFL33859
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
Total monthly income runs $2,942/mo, and a $2,736/mo payment. Purchase price stands at $559,000, and rental yield measures 6.32% with $2,942/mo rent. Return on cash invested shows 15.05% in year one, and 5% annual appreciation builds toward $154,441 over five years. Five-year ROI reaches 77.37% and total cumulative return in cash records $142,287. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,942/mo property income covering a $2,736/mo payment rather than investor’s personal income.
Single Family
Built in 2003
8,716 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Emily Muscarella • A+ REALTY LLC
Mls Name: Stellar MLS
Mls ID: #P4937366