1610 Reynolds Rd LOT 378LakelandFL33801
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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
Rental property for sale in Lakeland at 1610 Reynolds Rd LOT 378, Lakeland, FL, 33801 generates $1,071/mo in rent, after a $683/mo payment. Total monthly income is $1,071/mo. Return on cash invested sits at 5.25% in year one, and rental yield is 9.21% on a $139,500 entry. Equity gained on principal adds $900/yr, while 5% annual appreciation builds toward $38,541 over five years. Five-year ROI reaches 31.57% and total cumulative return in cash sums $14,601. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,071/mo property income rather than buyer’s personal income.
Manufactured
Built in 1978
5,706 sqft lot
$N/A/sqft
$710 monthly 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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