1400 E Fern RdLakelandFL33801
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Lakeland at 1400 E Fern Rd, Lakeland, FL, 33801 generates $2,122/mo in rent and, after a $1,273/mo payment, leaves $396/mo in cash flow. Total monthly income is $2,122/mo, and annual cash flow is $4,754/yr on $86,187 invested. Return on cash invested sits at 25.43% in year one, and rental yield is 9.79% on a $259,990 entry. Equity gained on principal adds $1,678/yr, while 5% annual appreciation builds toward $71,830 over five years. Five-year ROI reaches 133.05% and total cumulative return in cash sums $114,674. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,122/mo property income rather than buyer’s personal income.
Single Family
Built in 1958
10,189 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33801, Lakeland, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,133 (100%) |
| Owner Occupied HU | 7,444 (46.1%) |
| Renter Occupied HU | 6,890 (42.7%) |
| Vacant Housing Units | 1,799 (11.2%) |
| Median Home Value | $166,611 |
| Average Home Value | $218,447 |
Housing Distribution
Address Breakdown
Residential
14,299
Single Family
11,614
Multi-Family
2,685
Businesses
1,518
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Listed by: Clearesta Tan • ALIGN RIGHT REALTY SUNCOAST
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #TB8400231
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Some IDX listings have been excluded from this website. Listing Information presented by local MLS brokerage: Zillow, Inc - (407) 904-3511