1250 Mitchell StLakelandFL33801
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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 1250 Mitchell St, Lakeland, FL, 33801 uses $101,108 cash to close to unlock $1,185/yr annual cash flow and $99/mo monthly cash flow. Total monthly income runs $2,123/mo, and a $1,493/mo payment keeps the spread at $99/mo. Purchase price stands at $305,000, and rental yield measures 8.35% with $2,123/mo rent. Return on cash invested shows 21.08% in year one, and 5% annual appreciation builds toward $84,266 over five years. Five-year ROI reaches 109.71% and total cumulative return in cash records $110,926. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,123/mo property income covering a $1,493/mo payment rather than investor’s personal income.
Single Family
Built in 1946
7,231 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33801, Lakeland, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,133 (100%) |
| Owner Occupied HU | 7,444 (46.1%) |
| Renter Occupied HU | 6,890 (42.7%) |
| Vacant Housing Units | 1,799 (11.2%) |
| Median Home Value | $166,611 |
| Average Home Value | $218,447 |
Housing Distribution
Address Breakdown
Residential
14,299
Single Family
11,614
Multi-Family
2,685
Businesses
1,518
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