806 Hillside AveLake WalesFL33853
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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 806 Hillside Ave, Lake Wales, FL, 33853 priced at $220,000 pairs $2,114/mo rent with $654/mo cash flow after a $1,077/mo payment. Total monthly income equals $2,114/mo, and annual cash flow comes to $7,846/yr on $72,930 invested. Return on cash invested is 30.67% in year one, and rental yield stands at 11.53% on a $220,000 basis. Equity gained on principal adds $1,420/yr, and 5% annual appreciation accumulates to $60,782 by year five. Five-year ROI measures 161.13% and total cumulative return in cash reaches $117,515. For financing, Ziffy Mortgage’s DSCR program evaluates $2,114/mo property income against a $1,077/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1979
10,097 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: Vicky Torres Rodriguez • RE/MAX HERITAGE PROFESSIONALS
Mls Name: Stellar MLS
Mls ID: #S5140422