1400 Banana Rd #167,Lakeland,FL,33810

Investment Highlights

Rental property for sale in Lakeland at 1400 Banana Rd #167, Lakeland, FL, 33810 generates $965/mo in rent and, after a $611/mo payment, leaves $136/mo in cash flow. Total monthly income is $965/mo, and annual cash flow is $1,638/yr on $41,404 invested. Return on cash invested sits at 23.86% in year one, and rental yield is 9.27% on a $124,900 entry. Equity gained on principal adds $806/yr, while 5% annual appreciation builds toward $34,508 over five years. Five-year ROI reaches 124.71% and total cumulative return in cash sums $51,634. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $965/mo property income rather than buyer’s personal income.