343 Creekwood RunLakelandFL33809
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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 343 Creekwood Run, Lakeland, FL, 33809 priced at $198,000 pairs $1,498/mo rent with $184/mo cash flow after a $969/mo payment. Total monthly income equals $1,498/mo, and annual cash flow comes to $2,210/yr on $65,637 invested. Return on cash invested is 23.28% in year one, and rental yield stands at 9.08% on a $198,000 basis. Equity gained on principal adds $1,278/yr, and 5% annual appreciation accumulates to $54,704 by year five. Five-year ROI measures 121.55% and total cumulative return in cash reaches $79,780. For financing, Ziffy Mortgage’s DSCR program evaluates $1,498/mo property income against a $969/mo payment instead of your W2s, 1099s, or Tax returns.
Manufactured
Built in 1990
2.74 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33809, Lakeland, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,530 (100%) |
| Owner Occupied HU | 8,941 (66.1%) |
| Renter Occupied HU | 3,734 (27.6%) |
| Vacant Housing Units | 855 ( 6.3%) |
| Median Home Value | $320,715 |
| Average Home Value | $343,826 |
Housing Distribution
Address Breakdown
Residential
13,079
Single Family
11,016
Multi-Family
2,063
Businesses
681
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