1400 Banana Rd #112,Lakeland,FL,33810

Investment Highlights

Investment property for sale in Lakeland at 1400 Banana Rd #112, Lakeland, FL, 33810 offers a 9.22% rental yield on a $117,900 purchase with $906/mo rent. Total monthly income registers $906/mo, and a $577/mo payment leaves $124/mo available for distribution. Annual cash flow reaches $1,484/yr on $39,084 to close, and return on cash invested stands at 23.71% in year one. Equity gained on principal adds $761/yr while 5% annual appreciation supports $32,574 over five years. Portfolio math shows five-year ROI at 123.85% and total cumulative return in cash at $48,404. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $906/mo property income against a $577/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.