907 N Wabash AveLakelandFL33815
INVESTMENT ANALYSIS
Investment Verdict
Income-Producing907 N Wabash Ave, Lakeland, FL, 33815 in Lakeland is a stable, well-positioned rental at $339,900. Rental yield 6.14%. DSCR 1.14 qualifies for Ziffy Mortgage's DSCR mortgage without U.S. income documentation. Over five years, 5% appreciation adds $93,908 in value and $3,131/yr in principal paydown builds equity, a total projected return of $96,446.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 6.1% | 7.0% |
| Monthly Cash Flow | $(516) | $1,500 |
City averages based on Lakeland market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,740 |
| Total Monthly Debt Service | $2,120 |
| DSCR Ratio | 0.82x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Multi Family
Built in 1930
8,712 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Multi Family
Built in 1930
8,712 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices