2419 Mulligan Dr #525,Lakeland,FL,33810

Investment Highlights

Investment property for sale in Lakeland at 2419 Mulligan Dr #525, Lakeland, FL, 33810 offers a 9.43% rental yield on a $115,500 purchase with $908/mo rent. Total monthly income registers $908/mo, and a $565/mo payment leaves $142/mo available for distribution. Annual cash flow reaches $1,702/yr on $38,288 to close, and return on cash invested stands at 24.35% in year one. Equity gained on principal adds $745/yr while 5% annual appreciation supports $31,911 over five years. Portfolio math shows five-year ROI at 127.3% and total cumulative return in cash at $48,742. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $908/mo property income against a $565/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.