651 Lorraine CirLake WalesFL33853
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
Investment property for sale in Lake Wales at 651 Lorraine Cir, Lake Wales, FL, 33853 offers a 8.65% rental yield on a $335,900 purchase with $2,422/mo rent. Total monthly income registers $2,422/mo, and a $1,644/mo payment leaves $193/mo available for distribution. Annual cash flow reaches $2,316/yr on $111,351 to close, and return on cash invested stands at 21.99% in year one. Equity gained on principal adds $2,168/yr while 5% annual appreciation supports $92,803 over five years. Portfolio math shows five-year ROI at 114.57% and total cumulative return in cash at $127,575. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,422/mo property income against a $1,644/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1957
0.31 Acres lot
$N/A/sqft
No 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Gaby Gonzalez • DALTON WADE INC
Mls Name: Stellar MLS
Mls ID: #L4955658