8837 Oakwood DrLake WalesFL33898
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
Investment property for sale in Lake Wales at 8837 Oakwood Dr, Lake Wales, FL, 33898 listed at $348,999 pairs $2,521/mo rent with a $1,708/mo payment to leave $205/mo cash flow. Total monthly income runs $2,521/mo, and annual cash flow reaches $2,462/yr on $115,693 cash to close. Return on cash invested measures 22.04% in year one, and rental yield registers 8.67% at a $348,999 basis. Equity gained on principal adds $2,252/yr, and annual property appreciation at 5% supports $96,422 by year five. Five-year ROI tracks 114.87% and total cumulative return in cash totals $132,900. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,521/mo property income relative to a $1,708/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1977
1.85 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Crystal Miller • CENTURY 21 MYERS REALTY
Mls Name: Stellar MLS
Mls ID: #P4937311