426 Sequoia DrLake WalesFL33859
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe 9.35% yield at 426 Sequoia Dr, Lake Wales, FL, 33859 in Lake Wales is solid, but the $1,183/mo payment compresses net cash flow to $46/mo at $263,165. This is a tight-spread property, income covers debt, with little cushion. For investors who can optimise occupancy, the upside is real: 5% annual appreciation adds $72,708 by year five, and $2,424/yr in loan paydown builds equity. Ziffy Mortgage qualifies this via DSCR (1.73) without U.S. income documentation. Total projected return: $104,465.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.4% | 6.0% |
| Monthly Cash Flow | $46 | $300 |
City averages based on Lake Wales market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,051 |
| Total Monthly Debt Service | $1,900 |
| DSCR Ratio | 1.08x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Townhouse
Built in 2024
2,613 sqft lot
$N/A/sqft
$258 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
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
Townhouse
Built in 2024
2,613 sqft lot
$N/A/sqft
$258 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices