421 Nighthawk DrLakelandFL33813
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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 421 Nighthawk Dr, Lakeland, FL, 33813 priced at $247,000 pairs $2,938/mo rent with $1,104/mo cash flow after a $1,209/mo payment. Total monthly income equals $2,938/mo, and annual cash flow comes to $13,253/yr on $81,881 invested. Return on cash invested is 36.09% in year one, and rental yield stands at 14.27% on a $247,000 basis. Equity gained on principal adds $1,594/yr, and 5% annual appreciation accumulates to $68,242 by year five. Five-year ROI measures 191.27% and total cumulative return in cash reaches $156,616. For financing, Ziffy Mortgage’s DSCR program evaluates $2,938/mo property income against a $1,209/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1979
4,791 sqft lot
$N/A/sqft
$144 monthly 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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