Plan 1500 Plan, Reserve at Forest Lake ILake WalesFL33859
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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 Plan 1500 Plan, Reserve at Forest Lake I, Lake Wales, FL, 33859 uses $83,866 cash to close to unlock $6,569/yr annual cash flow and $547/mo monthly cash flow. Total monthly income runs $2,226/mo, and a $1,238/mo payment keeps the spread at $547/mo. Purchase price stands at $252,990, and rental yield measures 10.56% with $2,226/mo rent. Return on cash invested shows 27.74% in year one, and 5% annual appreciation builds toward $69,896 over five years. Five-year ROI reaches 145.46% and total cumulative return in cash records $121,993. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,226/mo property income covering a $1,238/mo payment rather than investor’s personal income.
Single Family
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33859, Lake Wales, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,900 (100%) |
| Owner Occupied HU | 4,212 (61.0%) |
| Renter Occupied HU | 1,592 (23.1%) |
| Vacant Housing Units | 1,096 (15.9%) |
| Median Home Value | $272,083 |
| Average Home Value | $311,644 |
Housing Distribution
Address Breakdown
Residential
5,567
Single Family
4,994
Multi-Family
573
Businesses
573
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Listed by: N/A • KB Home
Mls Name: KB Home
Mls Provider:
Mls ID: #N/A