Lakeland, FL — Rental Investment Analysis

🟡MODERATE— average returns

Cap Rate

4.1%

Below average

Monthly Cash Flow

-$605

After all expenses

Price-to-Rent

14.2

Investor-friendly

DSCR

0.64

Fails

📊 Key Metrics

Median Home Price: $312,673
Average Rent (3BR): $1,840/mo
Price-to-Rent Ratio: 14.2(good)
1% Rule: 0.59%(fails — need 1%+)
Cash-on-Cash Return: -10.0%
Vacancy Rate: 8.0%

📈 Market Strength

Unemployment Rate: 4.8%(+0.5% vs national)
Rent Growth (YoY): +2.9%(national avg)
Population Growth: +5.6% YoY

Assumptions Used

20% down, 7.000000000000001% rate, 30yr, 8% vacancy, 10% maintenance

Customize these numbers →

Property Tax Rate

0.86%

of assessed value (FL avg)

Median Income

$63,062

household (FL avg)

Rent-to-Income

35%

Moderate

Section 8 Max Rent

$1,840/mo

3BR voucher payment

🏛️ FL Investor Climate

Landlord Friendly

8/10

State Income Tax

✅ None

Property Tax

0.86% effective

Population Trend

+5.6% (3yr)

🏘️ Best Zip Codes in Lakeland for Investors

33815

Cap Rate: 5.7%Cash Flow: -$100/mo$186,451

33827

Cap Rate: 5.7%Cash Flow: -$162/mo$295,429

33805

Cap Rate: 5.3%Cash Flow: -$216/mo$232,888

All Zip Codes in Lakeland

Zip	Cap Rate	Cash Flow	Home Price	Rent (3BR)	DSCR
33815	5.7%	-$100	$186,451	$1,410/mo	0.90
33827	5.7%	-$162	$295,429	$2,230/mo	0.90
33805	5.3%	-$216	$232,888	$1,650/mo	0.83
33801	4.8%	-$304	$234,908	$1,560/mo	0.76
33803	4.8%	-$388	$289,989	$1,910/mo	0.75
33809	4.1%	-$598	$312,673	$1,840/mo	0.64
33809	4.1%	-$598	$312,673	$1,840/mo	0.64
33810	4.1%	-$613	$317,294	$1,860/mo	0.64
33810	4.1%	-$613	$317,294	$1,860/mo	0.64
33813	3.9%	-$767	$370,570	$2,110/mo	0.61
33812	3.8%	-$806	$375,115	$2,100/mo	0.60
33811	3.6%	-$791	$336,399	$1,800/mo	0.56
33855	3.4%	-$723	$292,276	$1,520/mo	0.54
33849	2.9%	-$1,132	$384,554	$1,780/mo	0.45