3901 Serenade Ln #1LakelandFL33811
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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 3901 Serenade Ln #1, Lakeland, FL, 33811 uses $102,765 cash to close to unlock $10,801/yr annual cash flow and $900/mo monthly cash flow. Total monthly income runs $2,957/mo, and a $1,517/mo payment keeps the spread at $900/mo. Purchase price stands at $310,000, and rental yield measures 11.45% with $2,957/mo rent. Return on cash invested shows 30.42% in year one, and 5% annual appreciation builds toward $85,647 over five years. Five-year ROI reaches 159.82% and total cumulative return in cash records $164,239. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,957/mo property income covering a $1,517/mo payment rather than investor’s personal income.
Condo
Built in 2006
1,921 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33811, Lakeland, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,839 (100%) |
| Owner Occupied HU | 8,839 (74.7%) |
| Renter Occupied HU | 2,487 (21.0%) |
| Vacant Housing Units | 513 ( 4.3%) |
| Median Home Value | $381,227 |
| Average Home Value | $421,922 |
Housing Distribution
Address Breakdown
Residential
11,509
Single Family
9,579
Multi-Family
1,930
Businesses
603
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