843 Corral Dr #76LakelandFL33815
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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 843 Corral Dr #76, Lakeland, FL, 33815 uses $39,117 cash to close to unlock $1,350/yr annual cash flow and $112/mo monthly cash flow. Total monthly income runs $896/mo, and a $578/mo payment keeps the spread at $112/mo. Purchase price stands at $118,000, and rental yield measures 9.11% with $896/mo rent. Return on cash invested shows 23.36% in year one, and 5% annual appreciation builds toward $32,601 over five years. Five-year ROI reaches 121.98% and total cumulative return in cash records $47,715. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $896/mo property income covering a $578/mo payment rather than investor’s personal income.
Manufactured
Built in 2023
N/A 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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