906 Highland Crest CirLake WalesFL33853
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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 906 Highland Crest Cir, Lake Wales, FL, 33853 offers a 9.96% rental yield on a $278,900 purchase with $2,316/mo rent. Total monthly income registers $2,316/mo, and a $1,365/mo payment leaves $448/mo available for distribution. Annual cash flow reaches $5,379/yr on $92,455 to close, and return on cash invested stands at 25.73% in year one. Equity gained on principal adds $1,800/yr while 5% annual appreciation supports $77,055 over five years. Portfolio math shows five-year ROI at 134.75% and total cumulative return in cash at $124,583. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,316/mo property income against a $1,365/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2004
10,594 sqft lot
$N/A/sqft
$17 monthly 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: Ambre LeBlanc • CITARELLI REALTY GROUP LLC
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #O6320873
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Some IDX listings have been excluded from this website. Listing Information presented by local MLS brokerage: Zillow, Inc - (407) 904-3511