6585 Trail Ridge Dr #6585LakelandFL33813
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
Investment property for sale in Lakeland at 6585 Trail Ridge Dr #6585, Lakeland, FL, 33813 uses $69,250 cash to close to unlock $6,614/yr annual cash flow and $551/mo monthly cash flow. Total monthly income runs $1,937/mo, and a $1,022/mo payment keeps the spread at $551/mo. Purchase price stands at $208,900, and rental yield measures 11.13% with $1,937/mo rent. Return on cash invested shows 29.46% in year one, and 5% annual appreciation builds toward $57,715 over five years. Five-year ROI reaches 154.72% and total cumulative return in cash records $107,142. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,937/mo property income covering a $1,022/mo payment rather than investor’s personal income.
Condo
Built in 1976
3,472 sqft lot
$N/A/sqft
No 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices