429 Cobalt Ave, Lakeland, FL 33815

2 bd · 1 ba · 675 sqft · built 1969 · Lakeland · MOBILE·source listing ↗

$29,900

rent, three ways

OnePercent model (vv1)$1,198/mo

p10–p90 confidence band

HUD Fair Market Rent · 33815 · 2BR$1,250/mo

Area comps median (last 90d)—

FMR from HUD SAFMR FY2026. Never a naked estimate.

County

Polk

Flood risk indexRelatively High FEMA NRI

Median household income$37,487

Median area rent$1,129/mo

Median home value$39,500

the verdict

4.01%vs 1.2% target

financing: 20% down · — (FRED, live) · 30yr

$29,900

4.01% · rent $1,198

Intrinsic value · income approach

$31,822

6% below intrinsic value

Value = net operating income ÷ market cap rate. Not investment advice.

Ten-year owner return

Equity multiple, per-year cash flow, and appreciation modeling are a Pro feature.