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23
Values Hold at $170K, 40 Comps Active
Updated today • 2 new comps
Your Investment Paths
Turnkey Rental
The rent potential for this property is quite promising, with current market analysis suggesting monthly rental income between $1,438 and $1,577. This consistent range aligns well with local demand for similar two-bedroom units in Lakeland. Investing here shows strong potential, highlighted by an estimated yield of 61.3%. By targeting the upper end of the income range, owners can maximize cash flow and capitalize on the steady performance of comparable regional properties.
More about this home
Neighborhood Assessment
Lakeland's 33803 zip sits perfectly between Tampa and Orlando, giving you easy access to big-city jobs and amenities. You've got shopping, movies, and groceries nearby—perfect for daily life without the hassle. Schools mix it up though: Highlands Grove Elementary scores an 8, but Crystal Lake Middle's a 1 and high school's middling at 5. Other manufactured homes cluster here, with comps showing single-families fetching 270K-390K, highlighting this spot's solid demand in a growing Florida market. It's a 55+ community with gym, laundry, rec room—great for active retirees. Walkability's decent on the hilltop, no flood worries, and low $735 lot rent keeps costs down. Recent price drops from 40K to 30K/sqft signal buyer caution, but renovated comps like this 1K sqft, 2/2 beauty stand out.
Market Activity
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Rental Income
$18K
Yield
61.3%
Year 1 Estimates
Fix-and-Flip
Refreshing your home adds a polished look that helps properties shine in this market. While the price per square foot shifts slightly from $180 to $184, this 2.3% increase showcases the potential for a modern, inviting space. Investing in updates creates a desirable atmosphere that appeals to quality tenants and buyers alike. With a solid rent ceiling up to $1,739, these improvements are a smart way to boost pride of ownership and long-term appeal.
Value Add
$4K
Post Typical Renovation
Buy-Rehab-Rent
This property offers solid BRR potential with a post-renovation value estimated between $173,000 and $192,000. These figures suggest a viable path for equity capture if the initial acquisition and renovation costs are managed efficiently. Projected rental income sits at $1,367 monthly, delivering a reliable 9% yield. While market appreciation is modest, the consistent rental demand makes this an attractive, stable option for building long-term cash flow and portfolio wealth.
Rental Income
$16K
Yield
9.0%
Year 1 Estimates, Post Typical Renovation
Estimated value
$30K
434 Calamondin St, Lakeland Investment Report: Flip & Rental Analysis · Frontflip