6643 Lure CtLake WalesFL33898
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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 6643 Lure Ct, Lake Wales, FL, 33898 offers $1,475/mo rent that, after a $1,052/mo payment, leaves $49/mo cash flow. Total monthly income is $1,475/mo, and annual cash flow is $582/yr on $71,273 cash. Return on cash invested measures 20.73% in year one, and rental yield stands at 8.23% at a $215,000 entry. Equity gained on principal adds $1,387/yr while 5% annual appreciation compounds into $59,401 by year five. Five-year ROI records 107.84% and total cumulative return in cash reaches $76,861. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,475/mo property income versus a $1,052/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 1998
1.23 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
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Listed by: Ron Astorga • DJ & LINDSEY REAL ESTATE
Mls Name: Stellar MLS
Mls ID: #O6371061