1920 E Edgewood Dr E APT M2LakelandFL33803
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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 1920 E Edgewood Dr E APT M2, Lakeland, FL, 33803 priced at $174,900 converts $1,315/mo rent into after a $856/mo obligation. Total monthly income equals $1,315/mo. Return on cash invested prints 15.03% in year one, and rental yield reads 9.02% against a $174,900 entry. Equity gained on principal adds $1,129/yr, while 5% annual appreciation compiles into $48,322 by year five. Five-year ROI reaches 80.26% and total cumulative return in cash sums $46,536. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,315/mo property income covering a $856/mo payment, not borrower’s personal income.
Condo
Built in 1973
489 sqft lot
$N/A/sqft
$390 monthly 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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Listed by: Stephen Hachey • FLAT FEE MLS REALTY
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #T3538417
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Some IDX listings have been excluded from this website. Listing Information presented by local MLS brokerage: Zillow, Inc - (407) 904-3511