654 Meadows Edge PlLake 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 654 Meadows Edge Pl, Lake Wales, FL, 33853 priced at $331,779 pairs $1,860/mo rent with after a $1,624/mo payment. Total monthly income equals $1,860/mo. Return on cash invested is 16.18% in year one, and rental yield stands at 6.73% on a $331,779 basis. Equity gained on principal adds $2,141/yr, and 5% annual appreciation accumulates to $91,664 by year five. Five-year ROI measures 83.45% and total cumulative return in cash reaches $91,781. For financing, Ziffy Mortgage’s DSCR program evaluates $1,860/mo property income against a $1,624/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2025
N/A 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
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Listed by: N/A • N/A
Mls Name: KB Home
Mls Provider:
Mls ID: #N/A