6300 N Scenic HwyLake 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 6300 N Scenic Hwy, Lake Wales, FL, 33898 offers $2,094/mo rent that, after a $1,077/mo payment, leaves $634/mo cash flow. Total monthly income is $2,094/mo, and annual cash flow is $7,606/yr on $72,930 cash. Return on cash invested measures 30.34% in year one, and rental yield stands at 11.42% at a $220,000 entry. Equity gained on principal adds $1,420/yr while 5% annual appreciation compounds into $60,782 by year five. Five-year ROI records 159.36% and total cumulative return in cash reaches $116,219. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,094/mo property income versus a $1,077/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1950
0.84 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Maritza Saint Hilaire • COMPASS FLORIDA LLC
Mls Name: Stellar MLS
Mls ID: #O6361517