1604 Park DrLakelandFL33803
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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 1604 Park Dr, Lakeland, FL, 33803 uses $82,311 cash to close to unlock $5,142/yr annual cash flow and $429/mo monthly cash flow. Total monthly income runs $2,161/mo, and a $1,215/mo payment keeps the spread at $429/mo. Purchase price stands at $248,300, and rental yield measures 10.44% with $2,161/mo rent. Return on cash invested shows 26.16% in year one, and 5% annual appreciation builds toward $68,601 over five years. Five-year ROI reaches 137.41% and total cumulative return in cash records $113,104. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,161/mo property income covering a $1,215/mo payment rather than investor’s personal income.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33803, Lakeland, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,347 (100%) |
| Owner Occupied HU | 7,920 (55.2%) |
| Renter Occupied HU | 4,890 (34.1%) |
| Vacant Housing Units | 1,537 (10.7%) |
| Median Home Value | $328,145 |
| Average Home Value | $368,084 |
Housing Distribution
Address Breakdown
Residential
13,625
Single Family
9,769
Multi-Family
3,856
Businesses
1,060
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