1400 Banana Rd #11,Lakeland,FL,33810

Investment Highlights

Rental property for sale in Lakeland at 1400 Banana Rd #11, Lakeland, FL, 33810 generates $845/mo in rent and, after a $518/mo payment, leaves $143/mo in cash flow. Total monthly income is $845/mo, and annual cash flow is $1,711/yr on $35,106 invested. Return on cash invested sits at 24.78% in year one, and rental yield is 9.58% on a $105,900 entry. Equity gained on principal adds $683/yr, while 5% annual appreciation builds toward $29,258 over five years. Five-year ROI reaches 129.64% and total cumulative return in cash sums $45,512. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $845/mo property income rather than buyer’s personal income.