The Norfolk Plan, Gresham Farms VillageLakelandFL33811
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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 The Norfolk Plan, Gresham Farms Village, Lakeland, FL, 33811 with 5% annual appreciation on a $396,900 basis while $4,286/mo rent supports operations. Total monthly income totals $4,286/mo and a $1,943/mo payment preserves $1,652/mo for cash returns. Annual cash flow comes to $19,821/yr on $131,572 deployed, and return on cash invested reaches 34.97% in year one. Equity gained on principal adds $2,561/yr, and five-year appreciation sums $109,656 alongside rental yield of 12.96%. Five-year ROI measures 184.21% and total cumulative return in cash totals $242,367.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,286/mo property income versus a $1,943/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2024
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33811, Lakeland, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,839 (100%) |
| Owner Occupied HU | 8,839 (74.7%) |
| Renter Occupied HU | 2,487 (21.0%) |
| Vacant Housing Units | 513 ( 4.3%) |
| Median Home Value | $381,227 |
| Average Home Value | $421,922 |
Housing Distribution
Address Breakdown
Residential
11,509
Single Family
9,579
Multi-Family
1,930
Businesses
603
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