1040 Mountain Lake Cutoff Rd #Sc6025Lake WalesFL33859
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 1040 Mountain Lake Cutoff Rd #Sc6025, Lake Wales, FL, 33859 at $294,700 posts ROI 29.14% with $752/mo cash flow from $2,707/mo rent. Total monthly income equals $2,707/mo, and annual cash flow records $9,021/yr on $97,693 to close. Return on cash invested measures 29.14% and rental yield reads 11.02% at the current $294,700. Equity gained on principal adds $1,902/yr, and 5% annual appreciation supports $81,420 by year five. Five-year ROI prints 152.94% and total cumulative return in cash totals $149,416.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,707/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Home Type Unknown
Built in N/A
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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Nearby investment properties with comparable prices
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