1600 W Lake Parker Dr APT B22LakelandFL33805
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 1600 W Lake Parker Dr APT B22, Lakeland, FL, 33805 uses $39,780 cash to close to unlock $1,668/yr annual cash flow and $139/mo monthly cash flow. Total monthly income runs $935/mo, and a $587/mo payment keeps the spread at $139/mo. Purchase price stands at $120,000, and rental yield measures 9.35% with $935/mo rent. Return on cash invested shows 24.1% in year one, and 5% annual appreciation builds toward $33,154 over five years. Five-year ROI reaches 125.93% and total cumulative return in cash records $50,095. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $935/mo property income covering a $587/mo payment rather than investor’s personal income.
Condo
Built in 1964
453 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33805, Lakeland, FL area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
11,165
Single Family
7,516
Multi-Family
3,649
Businesses
479
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices