508 Starr Ridge DrLake WalesFL33898
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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 508 Starr Ridge Dr, Lake Wales, FL, 33898 at $545,000 posts ROI 20.43% with $56/mo cash flow from $3,673/mo rent. Total monthly income equals $3,673/mo, and annual cash flow records $669/yr on $179,305 to close. Return on cash invested measures 20.43% and rental yield reads 8.09% at the current $545,000. Equity gained on principal adds $3,517/yr, and 5% annual appreciation supports $150,573 by year five. Five-year ROI prints 106.22% and total cumulative return in cash totals $190,452.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,673/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1998
0.43 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: Debbie Bradbury • REAL ESTATE BROKERS USA, INC.
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #P4934385
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Some IDX listings have been excluded from this website. Listing Information presented by local MLS brokerage: Zillow, Inc - (407) 904-3511