6065 Magpie DrLakelandFL33809
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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 6065 Magpie Dr, Lakeland, FL, 33809 earns $242/mo cash flow from $2,001/mo rent with a $1,297/mo payment. Total monthly income totals $2,001/mo, and annual cash flow totals $2,910/yr on $87,848 capital. ROI tracks 23.22% on current figures, and rental yield reads 9.06% at a $265,000 purchase. Equity gained on principal adds $1,710/yr, and 5% annual appreciation supports $73,215 over five years. Five-year ROI reaches 121.22% and total cumulative return in cash sums $106,491. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,001/mo property income instead of your personal income.
Single Family
Built in 1999
6,268 sqft lot
$N/A/sqft
No 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
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