Olive Plan, Seasons at Mabel PlaceLake 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
Rental property for sale in Lake Wales at Olive Plan, Seasons at Mabel Place, Lake Wales, FL, 33898 generates $3,151/mo in rent and, after a $1,419/mo payment, leaves $1,227/mo in cash flow. Total monthly income is $3,151/mo, and annual cash flow is $14,724/yr on $96,118 invested. Return on cash invested sits at 35.23% in year one, and rental yield is 13.04% on a $289,950 entry. Equity gained on principal adds $1,871/yr, while 5% annual appreciation builds toward $80,108 over five years. Five-year ROI reaches 185.56% and total cumulative return in cash sums $178,357. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,151/mo property income rather than buyer’s personal income.
Single Family
Built in 2024
N/A 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: N/A • Richmond American Homes
Mls Name: Richmond Homes
Mls Provider:
Mls ID: #N/A