340 S Hankin RdBartowFL33830
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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 Bartow at 340 S Hankin Rd, Bartow, FL, 33830 priced at $149,900 converts $1,439/mo rent into $444/mo cash flow after a $734/mo obligation. Total monthly income equals $1,439/mo, and annual cash flow totals $5,327/yr on $49,692 invested. Return on cash invested prints 30.63% in year one, and rental yield reads 11.52% against a $149,900 entry. Equity gained on principal adds $967/yr, while 5% annual appreciation compiles into $41,415 by year five. Five-year ROI reaches 160.88% and total cumulative return in cash sums $79,943. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,439/mo property income covering a $734/mo payment, not borrower’s personal income.
Manufactured
Built in 2000
10,001 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33830, Bartow, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,289 (100%) |
| Owner Occupied HU | 8,662 (65.2%) |
| Renter Occupied HU | 3,320 (25.0%) |
| Vacant Housing Units | 1,307 ( 9.8%) |
| Median Home Value | $307,472 |
| Average Home Value | $360,489 |
Housing Distribution
Address Breakdown
Residential
11,750
Single Family
10,889
Multi-Family
861
Businesses
790
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