929 Club CirLake WalesFL33854
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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
Rental property for sale in Lake Wales at 929 Club Cir, Lake Wales, FL, 33854 generates $931/mo in rent and, after a $578/mo payment, leaves $147/mo in cash flow. Total monthly income is $931/mo, and annual cash flow is $1,770/yr on $39,117 invested. Return on cash invested sits at 24.43% in year one, and rental yield is 9.47% on a $118,000 entry. Equity gained on principal adds $761/yr, while 5% annual appreciation builds toward $32,601 over five years. Five-year ROI reaches 127.75% and total cumulative return in cash sums $49,971. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $931/mo property income rather than buyer’s personal income.
Condo
Built in 1965
932 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33854, Fedhaven, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 491 (100%) |
| Owner Occupied HU | 102 (20.8%) |
| Renter Occupied HU | 129 (26.3%) |
| Vacant Housing Units | 260 (53.0%) |
| Median Home Value | $105,000 |
| Average Home Value | $144,093 |
Housing Distribution
Address Breakdown
Residential
0
Single Family
0
Multi-Family
0
Businesses
5
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Listed by: Lucy Martinez • CENTURY 21 WOLF'S CROSSING REALTY
Mls Name: Stellar MLS
Mls ID: #P4934790