1600 W Lake Parker Dr APT C8LakelandFL33805
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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 1600 W Lake Parker Dr APT C8, Lakeland, FL, 33805 at $125,000 posts ROI 24.03% with $142/mo cash flow from $972/mo rent. Total monthly income equals $972/mo, and annual cash flow records $1,707/yr on $41,438 to close. Return on cash invested measures 24.03% and rental yield reads 9.33% at the current $125,000. Equity gained on principal adds $807/yr, and 5% annual appreciation supports $34,535 by year five. Five-year ROI prints 125.61% and total cumulative return in cash totals $52,049.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $972/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 1965
451 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
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