5001 Pineapple StLake WalesFL33898
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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
Investment property for sale in Lake Wales at 5001 Pineapple St, Lake Wales, FL, 33898 listed at $250,000 pairs $2,084/mo rent with a $1,224/mo payment to leave $425/mo cash flow. Total monthly income runs $2,084/mo, and annual cash flow reaches $5,095/yr on $82,875 cash to close. Return on cash invested measures 26.06% in year one, and rental yield registers 10% at a $250,000 basis. Equity gained on principal adds $1,613/yr, and annual property appreciation at 5% supports $69,070 by year five. Five-year ROI tracks 136.41% and total cumulative return in cash totals $113,050. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,084/mo property income relative to a $1,224/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Manufactured
Built in 1988
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33898, Lake Wales, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,977 (100%) |
| Owner Occupied HU | 5,967 (59.8%) |
| Renter Occupied HU | 1,521 (15.2%) |
| Vacant Housing Units | 2,489 (24.9%) |
| Median Home Value | $264,397 |
| Average Home Value | $297,827 |
Housing Distribution
Address Breakdown
Residential
8,631
Single Family
7,356
Multi-Family
1,275
Businesses
180
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Listed by: Cheryl Bossarte • POLK REAL ESTATE LLC
Mls Name: Stellar MLS
Mls ID: #P4935624