1400 Banana Rd #65,Lakeland,FL,33810

Investment Highlights

Rental property for sale in Lakeland at 1400 Banana Rd #65, Lakeland, FL, 33810 generates $1,059/mo in rent and, after a $587/mo payment, leaves $263/mo in cash flow. Total monthly income is $1,059/mo, and annual cash flow is $3,158/yr on $39,747 invested. Return on cash invested sits at 27.85% in year one, and rental yield is 10.6% on a $119,900 entry. Equity gained on principal adds $774/yr, while 5% annual appreciation builds toward $33,126 over five years. Five-year ROI reaches 146.12% and total cumulative return in cash sums $58,080. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,059/mo property income rather than buyer’s personal income.