1 Wear St #1LakelandFL33815
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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 Lakeland at 1 Wear St #1, Lakeland, FL, 33815 priced at $135,900 pairs $1,948/mo rent with $1,046/mo cash flow after a $665/mo payment. Total monthly income equals $1,948/mo, and annual cash flow comes to $12,556/yr on $45,051 invested. Return on cash invested is 47.78% in year one, and rental yield stands at 17.2% on a $135,900 basis. Equity gained on principal adds $877/yr, and 5% annual appreciation accumulates to $37,547 by year five. Five-year ROI measures 252.96% and total cumulative return in cash reaches $113,959. For financing, Ziffy Mortgage’s DSCR program evaluates $1,948/mo property income against a $665/mo payment instead of your W2s, 1099s, or Tax returns.
Manufactured
Built in 2021
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33815, Lakeland, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,876 (100%) |
| Owner Occupied HU | 3,784 (48.0%) |
| Renter Occupied HU | 2,810 (35.7%) |
| Vacant Housing Units | 1,282 (16.3%) |
| Median Home Value | $66,466 |
| Average Home Value | $172,967 |
Housing Distribution
Address Breakdown
Residential
6,830
Single Family
5,629
Multi-Family
1,201
Businesses
573
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