838 Hour Glass RdLakelandFL33801
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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 838 Hour Glass Rd, Lakeland, FL, 33801 priced at $285,400 converts $2,040/mo rent into $77/mo cash flow after a $1,397/mo obligation. Total monthly income equals $2,040/mo, and annual cash flow totals $923/yr on $94,610 invested. Return on cash invested prints 20.88% in year one, and rental yield reads 8.58% against a $285,400 entry. Equity gained on principal adds $1,842/yr, while 5% annual appreciation compiles into $78,851 by year five. Five-year ROI reaches 108.97% and total cumulative return in cash sums $103,092. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,040/mo property income covering a $1,397/mo payment, not borrower’s personal income.
Single Family
Built in 2025
N/A lot
$N/A/sqft
$69 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33801, Lakeland, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,133 (100%) |
| Owner Occupied HU | 7,444 (46.1%) |
| Renter Occupied HU | 6,890 (42.7%) |
| Vacant Housing Units | 1,799 (11.2%) |
| Median Home Value | $166,611 |
| Average Home Value | $218,447 |
Housing Distribution
Address Breakdown
Residential
14,299
Single Family
11,614
Multi-Family
2,685
Businesses
1,518
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Listed by: Ben Goldstein • LENNAR REALTY
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #TB8332550
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