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15
Rent climbs to $1,921, 40 comps back
Updated 5 days ago • 2 new comps
Your Investment Paths
Turnkey Rental
This property shows strong rental potential within the Lakeland market. Based on recent comparable sales and local data, you can expect monthly rental income ranging from $1,746 to $2,069, positioning it competitively for long-term investors. With an impressive estimated yield of 18.33%, this investment offers a compelling opportunity for consistent cash flow. Given the current market trends, this asset stands out as a solid addition to a well-balanced residential portfolio.
More about this home
Neighborhood Assessment
1201 Oakhill St sits in Lakeland's 33815 zip, a central spot near shopping, dining, and highways. Walkability's decent for basics, but schools like Kathleen Senior High (rating 2/10) drag it down. Comp homes sell $87K-$235K, with a recent nearby at $98K. Corner lot's a plus, but it's a fixer in an older neighborhood without big developments popping up. Risks like extreme wind (9/10) and severe heat (8/10) are real concerns here in FL. Steady tax growth shows some stability, yet price cuts from $170K to $125K after 94 days signal soft demand.
Market Activity
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Rental Income
$23K
Yield
18.3%
Year 1 Estimates
Fix-and-Flip
Modernizing your home significantly boosts appeal. Upgraded properties command a price of $209 per square foot compared to the baseline $190. This represents a 10% value increase, helping your property shine and reach top-tier potential. These improvements unlock higher rent prospects and a stronger sale outlook, pushing potential values toward $308,000. Investing in quality updates is a smart move to capture buyer interest and elevate your home’s long-term market standing.
Value Add
$26K
Post Typical Renovation
Buy-Rehab-Rent
This property offers a promising renovation uplift, with a post-rehab value projected between $279,000 and $308,000. These figures suggest a solid value-add opportunity by bringing this 1930s home up to current market standards for the area. Rental performance remains stable with an expected $1,758 monthly income, yielding a 7.2% return. This reliable cash flow, combined with the significant upside in property value, makes this a practical candidate for a successful BRRRR strategy.
Rental Income
$21K
Yield
7.2%
Year 1 Estimates, Post Typical Renovation
Asking price
$282K
$20.8K over comp median
Comparative Market Analysis
$212K – $295K
~186 days to sell
Based on 8 comps
1201 Oakhill St, Lakeland Investment Report: Flip & Rental Analysis · Frontflip