746 Cambridge WayLake 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
Rental property for sale in Lake Wales at 746 Cambridge Way, Lake Wales, FL, 33853 priced at $274,950 converts $1,860/mo rent into $35/mo cash flow after a $1,346/mo obligation. Total monthly income equals $1,860/mo, and annual cash flow totals $422/yr on $91,146 invested. Return on cash invested prints 20.37% in year one, and rental yield reads 8.12% against a $274,950 entry. Equity gained on principal adds $1,774/yr, while 5% annual appreciation compiles into $75,964 by year five. Five-year ROI reaches 105.94% and total cumulative return in cash sums $96,559. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,860/mo property income covering a $1,346/mo payment, not borrower’s personal income.
Single Family
Built in 1992
10,742 sqft 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: Bill McElhill • RE/MAX TITANIUM GROUP
Mls Name: Stellar MLS
Mls ID: #G5102095