1624 Cutter Ln,Lakeland,FL,33810

Investment Highlights

Rental property for sale in Lakeland at 1624 Cutter Ln, Lakeland, FL, 33810 priced at $122,900 converts $960/mo rent into $144/mo cash flow after a $602/mo obligation. Total monthly income equals $960/mo, and annual cash flow totals $1,727/yr on $40,741 invested. Return on cash invested prints 24.15% in year one, and rental yield reads 9.37% against a $122,900 entry. Equity gained on principal adds $793/yr, while 5% annual appreciation compiles into $33,955 by year five. Five-year ROI reaches 126.17% and total cumulative return in cash sums $51,402. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $960/mo property income covering a $602/mo payment, not borrower’s personal income.