6047 Magpie DrLakelandFL33809
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderSteady, low-maintenance, and fundable: 6047 Magpie Dr, Lakeland, FL, 33809 in Lakeland at $288,998. Rental yield 7.85%. The 7.85% yield and 1.49 DSCR put this right in the range Ziffy Mortgage approves for non-U.S. investors without W-2s or domestic credit. Appreciation at 5%/yr is projected to add $79,845 by year five, and $2,662/yr in principal reduction steadily grows the investor's stake. Total projected cumulative return: $101,991.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.9% | 7.0% |
| Monthly Cash Flow | $(177) | $1,500 |
City averages based on Lakeland market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,931 |
| Total Monthly Debt Service | $1,953 |
| DSCR Ratio | 0.99x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1998
6,569 sqft lot
$N/A/sqft
$150 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33809, Lakeland, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,530 (100%) |
| Owner Occupied HU | 8,941 (66.1%) |
| Renter Occupied HU | 3,734 (27.6%) |
| Vacant Housing Units | 855 ( 6.3%) |
| Median Home Value | $320,715 |
| Average Home Value | $343,826 |
Housing Distribution
Address Breakdown
Residential
13,079
Single Family
11,016
Multi-Family
2,063
Businesses
681
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1998
6,569 sqft lot
$N/A/sqft
$150 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33809, Lakeland, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,530 (100%) |
| Owner Occupied HU | 8,941 (66.1%) |
| Renter Occupied HU | 3,734 (27.6%) |
| Vacant Housing Units | 855 ( 6.3%) |
| Median Home Value | $320,715 |
| Average Home Value | $343,826 |
Housing Distribution
Address Breakdown
Residential
13,079
Single Family
11,016
Multi-Family
2,063
Businesses
681
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Virginia Cowley • REMAX EXPERTS
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #L4954619
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