51 Woodruff WayLake WalesFL33853
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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
Rental property for sale in Lake Wales at 51 Woodruff Way, Lake Wales, FL, 33853 priced at $120,000 pairs $1,130/mo rent with $334/mo cash flow after a $587/mo payment. Total monthly income equals $1,130/mo, and annual cash flow comes to $4,008/yr on $39,780 invested. Return on cash invested is 29.98% in year one, and rental yield stands at 11.3% on a $120,000 basis. Equity gained on principal adds $774/yr, and 5% annual appreciation accumulates to $33,154 by year five. Five-year ROI measures 157.45% and total cumulative return in cash reaches $62,635. For financing, Ziffy Mortgage’s DSCR program evaluates $1,130/mo property income against a $587/mo payment instead of your W2s, 1099s, or Tax returns.
Manufactured
Built in 1966
4,055 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33853, Lake Wales, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,290 (100%) |
| Owner Occupied HU | 2,614 (49.4%) |
| Renter Occupied HU | 2,091 (39.5%) |
| Vacant Housing Units | 585 (11.1%) |
| Median Home Value | $262,414 |
| Average Home Value | $297,182 |
Housing Distribution
Address Breakdown
Residential
4,964
Single Family
4,540
Multi-Family
424
Businesses
582
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Listed by: Kris Bender • BENDER REALTY, LLC
Mls Name: Stellar MLS
Mls ID: #K4903175