9370 Purple Martin Dr #12003,Lakeland,FL,33810

Investment Highlights

Rental property for sale in Lakeland at 9370 Purple Martin Dr #12003, Lakeland, FL, 33810 generates $849/mo in rent and, after a $536/mo payment, leaves $122/mo in cash flow. Total monthly income is $849/mo, and annual cash flow is $1,467/yr on $36,299 invested. Return on cash invested sits at 23.95% in year one, and rental yield is 9.3% on a $109,500 entry. Equity gained on principal adds $707/yr, while 5% annual appreciation builds toward $30,253 over five years. Five-year ROI reaches 125.19% and total cumulative return in cash sums $45,443. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $849/mo property income rather than buyer’s personal income.