512 Pine Ridge CtLake WalesFL33853
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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
Rental property for sale in Lake Wales at 512 Pine Ridge Ct, Lake Wales, FL, 33853 priced at $246,729 converts $1,439/mo rent into after a $1,208/mo obligation. Total monthly income equals $1,439/mo. Return on cash invested prints 14.19% in year one, and rental yield reads 7% against a $246,729 entry. Equity gained on principal adds $1,592/yr, while 5% annual appreciation compiles into $68,167 by year five. Five-year ROI reaches 73.8% and total cumulative return in cash sums $60,363. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,439/mo property income covering a $1,208/mo payment, not borrower’s personal income.
Townhouse
Built in 2024
2,613 sqft lot
$N/A/sqft
$191 monthly 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: Tara Garkowski • KELLER WILLIAMS ADVANTAGE REALTY
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #O6314352
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