2845 Ellis AveLakelandFL33803
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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 2845 Ellis Ave, Lakeland, FL, 33803 earns $470/mo cash flow from $1,770/mo rent with a $959/mo payment. Total monthly income totals $1,770/mo, and annual cash flow totals $5,636/yr on $64,974 capital. ROI tracks 28.58% on current figures, and rental yield reads 10.84% at a $196,000 purchase. Equity gained on principal adds $1,265/yr, and 5% annual appreciation supports $54,151 over five years. Five-year ROI reaches 149.95% and total cumulative return in cash sums $97,428. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,770/mo property income instead of your personal income.
Single Family
Built in 1955
0.34 Acres lot
$N/A/sqft
No 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: Jeffery Jones • MARK SPAIN REAL ESTATE
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #O6298971
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