1561 Garrison Dr,Lakeland,FL,33810

Investment Highlights

Rental property for sale in Lakeland at 1561 Garrison Dr, Lakeland, FL, 33810 priced at $189,900 pairs $1,500/mo rent with $240/mo cash flow after a $929/mo payment. Total monthly income equals $1,500/mo, and annual cash flow comes to $2,883/yr on $62,952 invested. Return on cash invested is 24.49% in year one, and rental yield stands at 9.48% on a $189,900 basis. Equity gained on principal adds $1,225/yr, and 5% annual appreciation accumulates to $52,466 by year five. Five-year ROI measures 128.03% and total cumulative return in cash reaches $80,597. For financing, Ziffy Mortgage’s DSCR program evaluates $1,500/mo property income against a $929/mo payment instead of your W2s, 1099s, or Tax returns.