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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Lakeland at 1313 Covey Cir S, Lakeland, FL, 33809 offers $4,444/mo rent that, after a $2,056/mo payment, leaves $1,641/mo cash flow. Total monthly income is $4,444/mo, and annual cash flow is $19,693/yr on $139,230 cash. Return on cash invested measures 34.05% in year one, and rental yield stands at 12.7% at a $420,000 entry. Equity gained on principal adds $2,710/yr while 5% annual appreciation compounds into $116,038 by year five. Five-year ROI records 179.36% and total cumulative return in cash reaches $249,727. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,444/mo property income versus a $2,056/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1989
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 33809, Lakeland, FL area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,530 (100%) |
| Owner Occupied HU | 8,941 (66.1%) |
| Renter Occupied HU | 3,734 (27.6%) |
| Vacant Housing Units | 855 ( 6.3%) |
| Median Home Value | $320,715 |
| Average Home Value | $343,826 |
Residential
13,079
Single Family
11,016
Multi-Family
2,063
Businesses
681
Date | Event | Price |
|---|---|---|
| 2024-08-22 | Price change | $420,000 |
| 2024-07-30 | Price change | $424,900 |
| 2024-06-25 | Price change | $439,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-31 | $3924.16 | 64.88% | $338,821 | 51.41% |
| 2022-08-31 | $2380.01 | -0.58% | $223,783 | 3.00% |
| 2021-08-31 | $2393.80 | 0.84% | $217,265 | 1.40% |
Listed by: Jennifer Abadi • ABADI REALTY LLC
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #T3521545
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
