Save Search
Filters Applied
EditEdit Filters
Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
Loading Maps & Overview...
Loading Calculator...
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Lakeland at 929 Hammock Shade Dr, Lakeland, FL, 33809 listed at $420,000 pairs $3,355/mo rent with a $2,056/mo payment to leave $553/mo cash flow. Total monthly income runs $3,355/mo, and annual cash flow reaches $6,630/yr on $139,230 cash to close. Return on cash invested measures 24.67% in year one, and rental yield registers 9.59% at a $420,000 basis. Equity gained on principal adds $2,710/yr, and annual property appreciation at 5% supports $116,038 by year five. Five-year ROI tracks 129.02% and total cumulative return in cash totals $179,635. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,355/mo property income relative to a $2,056/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1988
0.97 Acres lot
$N/A/sqft
$15 monthly 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 |
|---|---|---|
| 2025-10-06 | Sold | $420,000 |
| 2025-09-02 | Pending sale | $470,000 |
| 2025-08-03 | Price change | $470,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-22 | $1707.81 | 2.49% | $171,720 | 3.00% |
| 2023-10-22 | $1666.39 | 2.62% | $166,718 | 3.00% |
| 2022-10-22 | $1623.91 | -0.38% | $161,862 | 3.00% |
Listed by: Sara Guevara Benitez • XCELLENCE REALTY, INC
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #L4953623
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
