78 Scenic View DrLakelandFL33803
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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 78 Scenic View Dr, Lakeland, FL, 33803 offers a 9.11% rental yield on a $144,900 purchase with $1,100/mo rent. Total monthly income registers $1,100/mo, and a $709/mo payment leaves $139/mo available for distribution. Annual cash flow reaches $1,664/yr on $48,034 to close, and return on cash invested stands at 23.37% in year one. Equity gained on principal adds $935/yr while 5% annual appreciation supports $40,033 over five years. Portfolio math shows five-year ROI at 122.04% and total cumulative return in cash at $58,621. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,100/mo property income against a $709/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 2023
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33803, Lakeland, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,347 (100%) |
| Owner Occupied HU | 7,920 (55.2%) |
| Renter Occupied HU | 4,890 (34.1%) |
| Vacant Housing Units | 1,537 (10.7%) |
| Median Home Value | $328,145 |
| Average Home Value | $368,084 |
Housing Distribution
Address Breakdown
Residential
13,625
Single Family
9,769
Multi-Family
3,856
Businesses
1,060
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