1130 N Lake Parker Ave APT A103LakelandFL33805
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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 Lakeland at 1130 N Lake Parker Ave APT A103, Lakeland, FL, 33805 earns $196/mo cash flow from $1,210/mo rent with a $748/mo payment. Total monthly income totals $1,210/mo, and annual cash flow totals $2,348/yr on $50,686 capital. ROI tracks 24.54% on current figures, and rental yield reads 9.5% at a $152,900 purchase. Equity gained on principal adds $987/yr, and 5% annual appreciation supports $42,243 over five years. Five-year ROI reaches 128.3% and total cumulative return in cash sums $65,032. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,210/mo property income instead of your personal income.
Condo
Built in 1975
372 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33805, Lakeland, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,939 (100%) |
| Owner Occupied HU | 5,346 (44.8%) |
| Renter Occupied HU | 5,621 (47.1%) |
| Vacant Housing Units | 972 ( 8.1%) |
| Median Home Value | $208,779 |
| Average Home Value | $240,920 |
Housing Distribution
Address Breakdown
Residential
11,165
Single Family
7,516
Multi-Family
3,649
Businesses
479
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