429 Perch PlLakelandFL33801
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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 429 Perch Pl, Lakeland, FL, 33801 offers $1,962/mo rent that, after a $1,050/mo payment, leaves $538/mo cash flow. Total monthly income is $1,962/mo, and annual cash flow is $6,461/yr on $71,107 cash. Return on cash invested measures 29% in year one, and rental yield stands at 10.98% at a $214,500 entry. Equity gained on principal adds $1,384/yr while 5% annual appreciation compounds into $59,262 by year five. Five-year ROI records 152.19% and total cumulative return in cash reaches $108,216. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,962/mo property income versus a $1,050/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1978
5,998 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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