638 Meadows Edge PlLake WalesFL33859
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 638 Meadows Edge Pl, Lake Wales, FL, 33859 priced at $345,783 converts $2,454/mo rent into $60/mo cash flow after a $1,692/mo obligation. Total monthly income equals $2,454/mo, and annual cash flow totals $717/yr on $114,627 invested. Return on cash invested prints 20.53% in year one, and rental yield reads 8.52% against a $345,783 entry. Equity gained on principal adds $2,231/yr, while 5% annual appreciation compiles into $95,533 by year five. Five-year ROI reaches 107.17% and total cumulative return in cash sums $122,842. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,454/mo property income covering a $1,692/mo payment, not borrower’s personal income.
Single Family
Built in 2024
6,098 sqft lot
$N/A/sqft
$100 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33859, Lake Wales, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,900 (100%) |
| Owner Occupied HU | 4,212 (61.0%) |
| Renter Occupied HU | 1,592 (23.1%) |
| Vacant Housing Units | 1,096 (15.9%) |
| Median Home Value | $272,083 |
| Average Home Value | $311,644 |
Housing Distribution
Address Breakdown
Residential
5,567
Single Family
4,994
Multi-Family
573
Businesses
573
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Listed by: Tara Garkowski • KELLER WILLIAMS ADVANTAGE REAL
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #O6264379
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