220 Grove Ridge DrWinter HavenFL33880
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Winter Haven at 220 Grove Ridge Dr, Winter Haven, FL, 33880 offers $1,002/mo rent that, after a $611/mo payment, leaves $173/mo cash flow. Total monthly income is $1,002/mo, and annual cash flow is $2,082/yr on $41,404 cash. Return on cash invested measures 24.94% in year one, and rental yield stands at 9.63% at a $124,900 entry. Equity gained on principal adds $806/yr while 5% annual appreciation compounds into $34,508 by year five. Five-year ROI records 130.44% and total cumulative return in cash reaches $54,010. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,002/mo property income versus a $611/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 1973
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33880, Winter Haven, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,566 (100%) |
| Owner Occupied HU | 11,323 (61.0%) |
| Renter Occupied HU | 5,760 (31.0%) |
| Vacant Housing Units | 1,483 ( 8.0%) |
| Median Home Value | $311,728 |
| Average Home Value | $363,093 |
Housing Distribution
Address Breakdown
Residential
17,386
Single Family
15,032
Multi-Family
2,354
Businesses
1,341
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Listed by: Donna Keath • CENTURY 21 MYERS REALTY
Mls Name: Stellar MLS
Mls ID: #L4955255