1400 Banana Rd #89,Lakeland,FL,33810

Investment Highlights

Rental property for sale in Lakeland at 1400 Banana Rd #89, Lakeland, FL, 33810 generates $889/mo in rent and, after a $567/mo payment, leaves $120/mo in cash flow. Total monthly income is $889/mo, and annual cash flow is $1,442/yr on $38,421 invested. Return on cash invested sits at 23.66% in year one, and rental yield is 9.2% on a $115,900 entry. Equity gained on principal adds $748/yr, while 5% annual appreciation builds toward $32,021 over five years. Five-year ROI reaches 123.66% and total cumulative return in cash sums $47,512. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $889/mo property income rather than buyer’s personal income.