4629 Armitage Pl #164LakelandFL33801
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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 4629 Armitage Pl #164, Lakeland, FL, 33801 offers a 17.01% rental yield on a $116,500 purchase with $1,651/mo rent. Total monthly income registers $1,651/mo, and a $570/mo payment leaves $878/mo available for distribution. Annual cash flow reaches $10,537/yr on $38,620 to close, and return on cash invested stands at 47.19% in year one. Equity gained on principal adds $752/yr while 5% annual appreciation supports $32,187 over five years. Portfolio math shows five-year ROI at 249.88% and total cumulative return in cash at $96,504. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,651/mo property income against a $570/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1990
N/A lot
$N/A/sqft
Has HOA fee 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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