3 Casa Loma Way #3LakelandFL33813
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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 3 Casa Loma Way #3, Lakeland, FL, 33813 at $399,900 posts ROI 20.46% with $61/mo cash flow from $2,714/mo rent. Total monthly income equals $2,714/mo, and annual cash flow records $726/yr on $132,567 to close. Return on cash invested measures 20.46% and rental yield reads 8.14% at the current $399,900. Equity gained on principal adds $2,580/yr, and 5% annual appreciation supports $110,485 by year five. Five-year ROI prints 106.37% and total cumulative return in cash totals $141,008.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,714/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 1980
1,696 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33813, Lakeland, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,841 (100%) |
| Owner Occupied HU | 11,809 (79.6%) |
| Renter Occupied HU | 2,470 (16.6%) |
| Vacant Housing Units | 562 ( 3.8%) |
| Median Home Value | $391,026 |
| Average Home Value | $439,689 |
Housing Distribution
Address Breakdown
Residential
14,667
Single Family
12,943
Multi-Family
1,724
Businesses
881
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