5102 Village Ct #E-2Lake 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 5102 Village Ct #E-2, Lake Wales, FL, 33898 offers a 9.02% rental yield on a $124,900 purchase with $939/mo rent. Total monthly income registers $939/mo, and a $611/mo payment leaves $110/mo available for distribution. Annual cash flow reaches $1,326/yr on $41,404 to close, and return on cash invested stands at 23.11% in year one. Equity gained on principal adds $806/yr while 5% annual appreciation supports $34,508 over five years. Portfolio math shows five-year ROI at 120.68% and total cumulative return in cash at $49,966. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $939/mo property income against a $611/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1984
722 sqft 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: Julie Seay • COLDWELL BANKER REALTY
Mls Name: Stellar MLS
Mls ID: #P4934889