907 Forest Lake DrLakelandFL33809
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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 907 Forest Lake Dr, Lakeland, FL, 33809 priced at $135,000 converts $1,906/mo rent into $721/mo cash flow after a $661/mo obligation. Total monthly income equals $1,906/mo, and annual cash flow totals $8,652/yr on $44,753 invested. Return on cash invested prints 39.24% in year one, and rental yield reads 16.94% against a $135,000 entry. Equity gained on principal adds $871/yr, while 5% annual appreciation compiles into $37,298 by year five. Five-year ROI reaches 210.04% and total cumulative return in cash sums $93,997. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,906/mo property income covering a $661/mo payment, not borrower’s personal income.
Manufactured
Built in 1974
4,500 sqft lot
$N/A/sqft
$282 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33809, Lakeland, FL area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
13,079
Single Family
11,016
Multi-Family
2,063
Businesses
681
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Listed by: Lisa Matheny • DALTON WADE INC
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #P4932546
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