2308 Mulligan Dr #548,Lakeland,FL,33810

Investment Highlights

Rental property for sale in Lakeland at 2308 Mulligan Dr #548, Lakeland, FL, 33810 generates $871/mo in rent and, after a $538/mo payment, leaves $141/mo in cash flow. Total monthly income is $871/mo, and annual cash flow is $1,697/yr on $36,465 invested. Return on cash invested sits at 24.56% in year one, and rental yield is 9.5% on a $110,000 entry. Equity gained on principal adds $710/yr, while 5% annual appreciation builds toward $30,391 over five years. Five-year ROI reaches 128.44% and total cumulative return in cash sums $46,836. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $871/mo property income rather than buyer’s personal income.