708 Martin L King Jr AveLakelandFL33815
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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 708 Martin L King Jr Ave, Lakeland, FL, 33815 generates $1,927/mo in rent and, after a $1,026/mo payment, leaves $536/mo in cash flow. Total monthly income is $1,927/mo, and annual cash flow is $6,429/yr on $69,516 invested. Return on cash invested sits at 29.16% in year one, and rental yield is 11.03% on a $209,700 entry. Equity gained on principal adds $1,353/yr, while 5% annual appreciation builds toward $57,936 over five years. Five-year ROI reaches 153% and total cumulative return in cash sums $106,361. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,927/mo property income rather than buyer’s personal income.
Single Family
Built in 1951
3,576 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33815, Lakeland, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,876 (100%) |
| Owner Occupied HU | 3,784 (48.0%) |
| Renter Occupied HU | 2,810 (35.7%) |
| Vacant Housing Units | 1,282 (16.3%) |
| Median Home Value | $66,466 |
| Average Home Value | $172,967 |
Housing Distribution
Address Breakdown
Residential
6,830
Single Family
5,629
Multi-Family
1,201
Businesses
573
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