847 Sherwood DrLake 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
Investment property for sale in Lake Wales at 847 Sherwood Dr, Lake Wales, FL, 33898 offers a 9.8% rental yield on a $200,000 purchase with $1,633/mo rent. Total monthly income registers $1,633/mo, and a $979/mo payment leaves $306/mo available for distribution. Annual cash flow reaches $3,668/yr on $66,300 to close, and return on cash invested stands at 25.44% in year one. Equity gained on principal adds $1,291/yr while 5% annual appreciation supports $55,256 over five years. Portfolio math shows five-year ROI at 133.12% and total cumulative return in cash at $88,256. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,633/mo property income against a $979/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1983
0.47 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: Cheryl Bossarte • POLK REAL ESTATE LLC
Mls Name: Stellar MLS
Mls ID: #P4937441