4795 Schooner 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 4795 Schooner Ave, Lake Wales, FL, 33859 uses $89,174 cash to close to unlock $8,826/yr annual cash flow and $735/mo monthly cash flow. Total monthly income runs $2,521/mo, and a $1,317/mo payment keeps the spread at $735/mo. Purchase price stands at $269,000, and rental yield measures 11.25% with $2,521/mo rent. Return on cash invested shows 29.81% in year one, and 5% annual appreciation builds toward $74,320 over five years. Five-year ROI reaches 156.53% and total cumulative return in cash records $139,583. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,521/mo property income covering a $1,317/mo payment rather than investor’s personal income.
Manufactured
Built in 2000
1.05 Acres 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: Ron Denney • LAND SOUTH REALTY, LLC
Mls Name: Stellar MLS
Mls ID: #B4902078