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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Lakeland at 1600 W Lake Parker Dr APT A2, Lakeland, FL, 33805 at $124,500 posts ROI 55.18% with $1,213/mo cash flow from $2,386/mo rent. Total monthly income equals $2,386/mo, and annual cash flow records $14,558/yr on $41,272 to close. Return on cash invested measures 55.18% and rental yield reads 23% at the current $124,500. Equity gained on principal adds $803/yr, and 5% annual appreciation supports $34,397 by year five. Five-year ROI prints 296.35% and total cumulative return in cash totals $122,308.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,386/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 1964
621 sqft lot
$N/A/sqft
$347 monthly HOA
Neighborhood data shown for ZIP Code: 33805, Lakeland, FL area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,939 (100%) |
| Owner Occupied HU | 5,346 (44.8%) |
| Renter Occupied HU | 5,621 (47.1%) |
| Vacant Housing Units | 972 ( 8.1%) |
| Median Home Value | $208,779 |
| Average Home Value | $240,920 |
Residential
11,165
Single Family
7,516
Multi-Family
3,649
Businesses
479
Date | Event | Price |
|---|---|---|
| 2025-05-06 | Listed for sale | $124,500 |
| 2024-09-28 | Listing removed | $124,900 |
| 2024-07-26 | Price change | $124,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-05-06 | N/A | N/A | $26,888 | 3.00% |
| 2023-05-06 | N/A | N/A | $26,105 | 3.00% |
| 2022-05-06 | N/A | N/A | $25,345 | 3.00% |
Listed by: Kelly Fain • KELLER WILLIAMS REALTY SMART
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #L4946069
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
