








A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |


Rental property for sale in Lakeland at 609 W Pipkin Rd, Lakeland, FL, 33813 priced at $489,000 converts $2,467/mo rent into after a $2,393/mo obligation. Total monthly income equals $2,467/mo. Return on cash invested prints 14.15% in year one, and rental yield reads 6.05% against a $489,000 entry. Equity gained on principal adds $3,155/yr, while 5% annual appreciation compiles into $135,102 by year five. Five-year ROI reaches 72.57% and total cumulative return in cash sums $117,634. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,467/mo property income covering a $2,393/mo payment, not borrower’s personal income.
Single Family
Built in 1971
0.55 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 33813, Lakeland, FL area.
| 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 |
Residential
14,667
Single Family
12,943
Multi-Family
1,724
Businesses
881
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||



Listed by: Carol Romeo • COLDWELL BANKER REALTY
Mls Name: Stellar MLS
Mls ID: #TB8405725