1610 Reynolds Rd LOT 11LakelandFL33801
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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 1610 Reynolds Rd LOT 11, Lakeland, FL, 33801 uses $44,090 cash to close to unlock $2,152/yr annual cash flow and $179/mo monthly cash flow. Total monthly income runs $1,062/mo, and a $651/mo payment keeps the spread at $179/mo. Purchase price stands at $133,000, and rental yield measures 9.58% with $1,062/mo rent. Return on cash invested shows 24.79% in year one, and 5% annual appreciation builds toward $36,745 over five years. Five-year ROI reaches 129.68% and total cumulative return in cash records $57,177. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,062/mo property income covering a $651/mo payment rather than investor’s personal income.
Manufactured
Built in 1977
7,471 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33801, Lakeland, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,133 (100%) |
| Owner Occupied HU | 7,444 (46.1%) |
| Renter Occupied HU | 6,890 (42.7%) |
| Vacant Housing Units | 1,799 (11.2%) |
| Median Home Value | $166,611 |
| Average Home Value | $218,447 |
Housing Distribution
Address Breakdown
Residential
14,299
Single Family
11,614
Multi-Family
2,685
Businesses
1,518
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