6298 Manitoba DrLakelandFL33805
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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 6298 Manitoba Dr, Lakeland, FL, 33805 uses $119,307 cash to close to unlock $6,554/yr annual cash flow and $546/mo monthly cash flow. Total monthly income runs $2,935/mo, and a $1,762/mo payment keeps the spread at $546/mo. Purchase price stands at $359,900, and rental yield measures 9.79% with $2,935/mo rent. Return on cash invested shows 25.4% in year one, and 5% annual appreciation builds toward $99,434 over five years. Five-year ROI reaches 132.92% and total cumulative return in cash records $158,582. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,935/mo property income covering a $1,762/mo payment rather than investor’s personal income.
Single Family
Built in 2018
4,421 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33805, Lakeland, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,939 (100%) |
| Owner Occupied HU | 5,346 (44.8%) |
| Renter Occupied HU | 5,621 (47.1%) |
| Vacant Housing Units | 972 ( 8.1%) |
| Median Home Value | $208,779 |
| Average Home Value | $240,920 |
Housing Distribution
Address Breakdown
Residential
11,165
Single Family
7,516
Multi-Family
3,649
Businesses
479
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