604 Hennepin LoopLake WalesFL33898
Nearby investment properties with comparable rents
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 604 Hennepin Loop, Lake Wales, FL, 33898 priced at $324,950 converts $2,616/mo rent into $460/mo cash flow after a $1,590/mo obligation. Total monthly income equals $2,616/mo, and annual cash flow totals $5,521/yr on $107,721 invested. Return on cash invested prints 25.03% in year one, and rental yield reads 9.66% against a $324,950 entry. Equity gained on principal adds $2,097/yr, while 5% annual appreciation compiles into $89,778 by year five. Five-year ROI reaches 130.95% and total cumulative return in cash sums $141,057. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,616/mo property income covering a $1,590/mo payment, not borrower’s personal income.
Single Family
Built in 2025
N/A 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: N/A • Richmond American Homes
Mls Name: Richmond Homes
Mls Provider:
Mls ID: #N/A