622 Elizabeth LnLakelandFL33809
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
Investment Highlights
Rental property for sale in Lakeland at 622 Elizabeth Ln, Lakeland, FL, 33809 offers $1,579/mo rent that, after a $666/mo payment, leaves $371/mo cash flow. Total monthly income is $1,579/mo, and annual cash flow is $4,452/yr on $45,084 cash. Return on cash invested measures 29.78% in year one, and rental yield stands at 13.93% at a $136,000 entry. Equity gained on principal adds $878/yr while 5% annual appreciation compounds into $37,574 by year five. Five-year ROI records 159.31% and total cumulative return in cash reaches $71,822. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,579/mo property income versus a $666/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 1974
4,752 sqft lot
$N/A/sqft
$285 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: Lisa Matheny • DALTON WADE INC
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #L4953994
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