Active

1235 Morgan Dr, Lakeland, FL 33801

MLS TB8501961

$210,000

Est. $1,081/mo principal and interest at 6.67% with 20% down

4 bd · 2 ba · 1,146 sqft · Single Family Residence

Payment estimate

Mortgage calculator

Starts from the national Freddie Mac average. Change any number and the payment updates. Sign in to save a custom rate.

Estimated monthly payment

$1,466/mo

$168,000 loan · 20% down · 6.67%

Principal & interest: $1,081
Taxes: $235
Insurance: $150
HOA: $0

Get a personal quote

Home price Down payment $42,000 down

Term

30-year 15-year

Interest rate Annual taxes Annual insurance Insurance starts at a Florida homeowners estimate of $1,800 / year. HOA / month

Educational estimate, not a personal quote or a commitment to lend. This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

About this home

Producing 3 bed / 2 bath home in central Lakeland's Combee Settlement area, currently leased through 07/31/2027 at $1,875/month (plus tenant pays for a $60 benefits package). Built 1958, 1,146 sqft. The 3/2 configuration is the gold standard in single-family rental, commanding top-of-market rent and longer average tenancy. List $210,000 / estimated ARV $275,000, providing strong equity-capture margin. Lease expiration aligns with peak Florida leasing season for an ideal renewal or rent-reset window. Lakeland sits dead center in the I-4 growth corridor between Tampa and Orlando, one of Florida's strongest appreciation paths. Photo disclosure: Listing photos were taken prior to current tenant occupancy and may not reflect the property's present condition. Showings by appointment with required notice to tenant. Buyer and buyer's agent to verify all material facts. Sellers have never occupied this property.