480 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 480 Nighthawk Dr, Lakeland, FL, 33813 priced at $237,500 converts $2,218/mo rent into $450/mo cash flow after a $1,162/mo obligation. Total monthly income equals $2,218/mo, and annual cash flow totals $5,404/yr on $78,731 invested. Return on cash invested prints 26.77% in year one, and rental yield reads 11.21% against a $237,500 entry. Equity gained on principal adds $1,533/yr, while 5% annual appreciation compiles into $65,617 by year five. Five-year ROI reaches 141.33% and total cumulative return in cash sums $111,273. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,218/mo property income covering a $1,162/mo payment, not borrower’s personal income.
Single Family
Built in 1980
4,108 sqft lot
$N/A/sqft
$192 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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Listed by: Jill Bartley • AVERY PROPERTIES INC.
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #L4947531
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