2621 Island Oaks WLakelandFL33805
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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 2621 Island Oaks W, Lakeland, FL, 33805 listed at $228,600 pairs $2,273/mo rent with a $1,119/mo payment to leave $756/mo cash flow. Total monthly income runs $2,273/mo, and annual cash flow reaches $9,070/yr on $75,781 cash to close. Return on cash invested measures 31.88% in year one, and rental yield registers 11.93% at a $228,600 basis. Equity gained on principal adds $1,475/yr, and annual property appreciation at 5% supports $63,158 by year five. Five-year ROI tracks 167.61% and total cumulative return in cash totals $127,019. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,273/mo property income relative to a $1,119/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Manufactured
Built in 1984
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33805, Lakeland, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,939 (100%) |
| Owner Occupied HU | 5,346 (44.8%) |
| Renter Occupied HU | 5,621 (47.1%) |
| Vacant Housing Units | 972 ( 8.1%) |
| Median Home Value | $208,779 |
| Average Home Value | $240,920 |
Housing Distribution
Address Breakdown
Residential
11,165
Single Family
7,516
Multi-Family
3,649
Businesses
479
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