1400 Banana Rd #61,Lakeland,FL,33810

Investment Highlights

Rental property for sale in Lakeland at 1400 Banana Rd #61, Lakeland, FL, 33810 generates $1,968/mo in rent and, after a $514/mo payment, leaves $1,271/mo in cash flow. Total monthly income is $1,968/mo, and annual cash flow is $15,253/yr on $34,808 invested. Return on cash invested sits at 63.73% in year one, and rental yield is 22.49% on a $105,000 entry. Equity gained on principal adds $678/yr, while 5% annual appreciation builds toward $29,010 over five years. Five-year ROI reaches 338.55% and total cumulative return in cash sums $117,842. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,968/mo property income rather than buyer’s personal income.