419 Skyline Dr WLakelandFL33801
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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 419 Skyline Dr W, Lakeland, FL, 33801 generates $1,690/mo in rent and, after a $832/mo payment, leaves $562/mo in cash flow. Total monthly income is $1,690/mo, and annual cash flow is $6,745/yr on $56,322 invested. Return on cash invested sits at 31.88% in year one, and rental yield is 11.94% on a $169,900 entry. Equity gained on principal adds $1,096/yr, while 5% annual appreciation builds toward $46,940 over five years. Five-year ROI reaches 167.72% and total cumulative return in cash sums $94,466. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,690/mo property income rather than buyer’s personal income.
Manufactured
Built in 1985
6,970 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: Mari Meadows • KELLER WILLIAMS REALTY SMART
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #L4949998
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