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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Lakeland at 830 Norton Rd, Lakeland, FL, 33809 priced at $125,000 converts $2,039/mo rent into $1,209/mo cash flow after a $612/mo obligation. Total monthly income equals $2,039/mo, and annual cash flow totals $14,511/yr on $41,438 invested. Return on cash invested prints 54.93% in year one, and rental yield reads 19.57% against a $125,000 entry. Equity gained on principal adds $807/yr, while 5% annual appreciation compiles into $34,535 by year five. Five-year ROI reaches 291.31% and total cumulative return in cash sums $120,713. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,039/mo property income covering a $612/mo payment, not borrower’s personal income.
Manufactured
Built in 1976
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 33809, Lakeland, FL area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,530 (100%) |
| Owner Occupied HU | 8,941 (66.1%) |
| Renter Occupied HU | 3,734 (27.6%) |
| Vacant Housing Units | 855 ( 6.3%) |
| Median Home Value | $320,715 |
| Average Home Value | $343,826 |
Residential
13,079
Single Family
11,016
Multi-Family
2,063
Businesses
681
Date | Event | Price |
|---|---|---|
| 2024-01-08 | Listed for sale | $125,000 |
| 2023-12-12 | Pending sale | $125,000 |
| 2023-10-11 | Listed for sale | $125,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-31 | $223.79 | 12.90% | $15,730 | 10.00% |
| 2022-08-31 | $198.22 | 6.23% | $14,300 | 10.00% |
| 2021-08-31 | $186.60 | 3.13% | $13,000 | 4.00% |
Listed by: Yeneisi Rodriguez • COLDWELL BANKER REALTY
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #T3478655
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
