1130 N Lake Parker Ave APT C321LakelandFL33805
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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 1130 N Lake Parker Ave APT C321, Lakeland, FL, 33805 generates $1,528/mo in rent, after a $751/mo payment. Total monthly income is $1,528/mo. Return on cash invested sits at 18.58% in year one, and rental yield is 11.95% on a $153,500 entry. Equity gained on principal adds $991/yr, while 5% annual appreciation builds toward $42,409 over five years. Five-year ROI reaches 101.15% and total cumulative return in cash sums $51,469. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,528/mo property income rather than buyer’s personal income.
Condo
Built in 1981
354 sqft lot
$N/A/sqft
$566 monthly 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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Listed by: Russ Rhoads • EXP REALTY LLC
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #L4952566
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Some IDX listings have been excluded from this website. Listing Information presented by local MLS brokerage: Zillow, Inc - (407) 904-3511