294 Charlotte Cir ELakelandFL33803
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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
Rental property for sale in Lakeland at 294 Charlotte Cir E, Lakeland, FL, 33803 priced at $154,900 converts $1,239/mo rent into $211/mo cash flow after a $758/mo obligation. Total monthly income equals $1,239/mo, and annual cash flow totals $2,535/yr on $51,349 invested. Return on cash invested prints 24.85% in year one, and rental yield reads 9.6% against a $154,900 entry. Equity gained on principal adds $1,000/yr, while 5% annual appreciation compiles into $42,796 by year five. Five-year ROI reaches 129.97% and total cumulative return in cash sums $66,740. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,239/mo property income covering a $758/mo payment, not borrower’s personal income.
Manufactured
Built in 2023
N/A 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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