1410 Ridge Lake CtLakelandFL33801
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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
Investment property for sale in Lakeland at 1410 Ridge Lake Ct, Lakeland, FL, 33801 with 5% annual appreciation on a $175,000 basis while $1,717/mo rent supports operations. Total monthly income totals $1,717/mo and a $857/mo payment preserves $380/mo for cash returns. Annual cash flow comes to $4,563/yr on $58,013 deployed, and return on cash invested reaches 27.77% in year one. Equity gained on principal adds $1,129/yr, and five-year appreciation sums $48,349 alongside rental yield of 11.77%. Five-year ROI measures 146.98% and total cumulative return in cash totals $85,267.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,717/mo property income versus a $857/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Townhouse
Built in 1986
4,905 sqft lot
$N/A/sqft
$175 monthly 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: Kaila Carter • POWER REAL ESTATE GROUP LLC
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #TB8301362
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