6542 Eagle Ridge WayLakelandFL33813
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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
Rental property for sale in Lakeland at 6542 Eagle Ridge Way, Lakeland, FL, 33813 generates $4,712/mo in rent, after a $4,527/mo payment. Total monthly income is $4,712/mo. Return on cash invested sits at 13.56% in year one, and rental yield is 6.11% on a $924,900 entry. Equity gained on principal adds $5,968/yr, while 5% annual appreciation builds toward $255,533 over five years. Five-year ROI reaches 69.67% and total cumulative return in cash sums $211,997. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,712/mo property income rather than buyer’s personal income.
Single Family
Built in 2007
0.38 Acres lot
$N/A/sqft
$11 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33813, Lakeland, FL area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
14,667
Single Family
12,943
Multi-Family
1,724
Businesses
881
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Listed by: Mike Hamic • KELLER WILLIAMS REALTY SMART
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #L4953075
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