725 Hickory Hammock RdLake WalesFL33859
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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 725 Hickory Hammock Rd, Lake Wales, FL, 33859 priced at $249,000 pairs $2,393/mo rent with $740/mo cash flow after a $1,219/mo payment. Total monthly income equals $2,393/mo, and annual cash flow comes to $8,884/yr on $82,544 invested. Return on cash invested is 30.67% in year one, and rental yield stands at 11.53% on a $249,000 basis. Equity gained on principal adds $1,607/yr, and 5% annual appreciation accumulates to $68,794 by year five. Five-year ROI measures 161.18% and total cumulative return in cash reaches $133,040. For financing, Ziffy Mortgage’s DSCR program evaluates $2,393/mo property income against a $1,219/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1953
2.95 Acres lot
$N/A/sqft
No 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: Star Amun • CHARLES RUTENBERG REALTY FTL
Mls Name: Stellar MLS
Mls ID: #L4956359