1920 E Edgewood Dr E APT T5LakelandFL33803
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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 1920 E Edgewood Dr E APT T5, Lakeland, FL, 33803 offers a 14.57% rental yield on a $129,000 purchase with $1,566/mo rent. Total monthly income registers $1,566/mo, and a $631/mo payment leaves $383/mo available for distribution. Annual cash flow reaches $4,600/yr on $42,764 to close, and return on cash invested stands at 30.67% in year one. Equity gained on principal adds $832/yr while 5% annual appreciation supports $35,640 over five years. Portfolio math shows five-year ROI at 164.53% and total cumulative return in cash at $70,357. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,566/mo property income against a $631/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1973
426 sqft lot
$N/A/sqft
$327 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: Christine Hubbert • BHHS FLORIDA PROPERTIES GROUP
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #L4957161
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