6716 Forestwood Dr WLakelandFL33811
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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 6716 Forestwood Dr W, Lakeland, FL, 33811 generates $2,786/mo in rent, after a $2,178/mo payment. Total monthly income is $2,786/mo. Return on cash invested sits at 18.55% in year one, and rental yield is 7.51% on a $445,000 entry. Equity gained on principal adds $2,872/yr, while 5% annual appreciation builds toward $122,945 over five years. Five-year ROI reaches 96.13% and total cumulative return in cash sums $141,812. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,786/mo property income rather than buyer’s personal income.
Single Family
Built in 1995
0.95 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33811, Lakeland, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,839 (100%) |
| Owner Occupied HU | 8,839 (74.7%) |
| Renter Occupied HU | 2,487 (21.0%) |
| Vacant Housing Units | 513 ( 4.3%) |
| Median Home Value | $381,227 |
| Average Home Value | $421,922 |
Housing Distribution
Address Breakdown
Residential
11,509
Single Family
9,579
Multi-Family
1,930
Businesses
603
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