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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Lithia at 2231 Nichols Rd, Lithia, FL, 33547 priced at $339,000 converts $2,801/mo rent into $403/mo cash flow after a $1,659/mo obligation. Total monthly income equals $2,801/mo, and annual cash flow totals $4,836/yr on $112,379 invested. Return on cash invested prints 24.21% in year one, and rental yield reads 9.92% against a $339,000 entry. Equity gained on principal adds $2,188/yr, while 5% annual appreciation compiles into $93,659 by year five. Five-year ROI reaches 127.07% and total cumulative return in cash sums $142,804. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,801/mo property income covering a $1,659/mo payment, not borrower’s personal income.
Single Family
Built in 1941
1.63 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 33547, Lithia, FL area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,999 (100%) |
| Owner Occupied HU | 8,930 (81.2%) |
| Renter Occupied HU | 1,652 (15.0%) |
| Vacant Housing Units | 417 ( 3.8%) |
| Median Home Value | $577,927 |
| Average Home Value | $619,117 |
Residential
10,633
Single Family
10,028
Multi-Family
605
Businesses
441
Date | Event | Price |
|---|---|---|
| 2025-04-24 | Listed for sale | $339,000 |
| 2024-10-04 | Listing removed | $369,800 |
| 2024-09-10 | Price change | $369,800 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-24 | $4798.86 | 31.83% | $244,251 | 36.31% |
| 2023-04-24 | $3640.17 | -10.66% | $179,191 | -13.83% |
| 2022-04-24 | $4074.64 | 318.99% | $207,954 | 206.29% |
Listed by: Maria Orozco • RE/MAX ALLIANCE GROUP
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #TB8376528
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
