1040 Mountain Lake Cutoff Rd #19290OLake 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 1040 Mountain Lake Cutoff Rd #19290O, Lake Wales, FL, 33859 at $315,500 posts ROI 27.09% with $626/mo cash flow from $2,719/mo rent. Total monthly income equals $2,719/mo, and annual cash flow records $7,506/yr on $104,588 to close. Return on cash invested measures 27.09% and rental yield reads 10.34% at the current $315,500. Equity gained on principal adds $2,036/yr, and 5% annual appreciation supports $87,167 by year five. Five-year ROI prints 141.93% and total cumulative return in cash totals $148,446.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,719/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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