3615 Lazy Lake Dr SLakelandFL33801
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Nearby investment properties with comparable prices
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 3615 Lazy Lake Dr S, Lakeland, FL, 33801 at $208,000 posts ROI 27.35% with $428/mo cash flow from $1,808/mo rent. Total monthly income equals $1,808/mo, and annual cash flow records $5,133/yr on $68,952 to close. Return on cash invested measures 27.35% and rental yield reads 10.43% at the current $208,000. Equity gained on principal adds $1,342/yr, and 5% annual appreciation supports $57,467 by year five. Five-year ROI prints 143.37% and total cumulative return in cash totals $98,856.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,808/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Manufactured
Built in 1992
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33801, Lakeland, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,133 (100%) |
| Owner Occupied HU | 7,444 (46.1%) |
| Renter Occupied HU | 6,890 (42.7%) |
| Vacant Housing Units | 1,799 (11.2%) |
| Median Home Value | $166,611 |
| Average Home Value | $218,447 |
Housing Distribution
Address Breakdown
Residential
14,299
Single Family
11,614
Multi-Family
2,685
Businesses
1,518
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Listed by: Taylor Bishop • KELLER WILLIAMS REALTY SMART
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #L4952770
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