3408 Cove Ct WWinter 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 3408 Cove Ct W, Winter Haven, FL, 33880 generates $2,402/mo in rent and, after a $1,375/mo payment, leaves $526/mo in cash flow. Total monthly income is $2,402/mo, and annual cash flow is $6,307/yr on $93,152 invested. Return on cash invested sits at 26.68% in year one, and rental yield is 10.26% on a $281,000 entry. Equity gained on principal adds $1,813/yr, while 5% annual appreciation builds toward $77,635 over five years. Five-year ROI reaches 139.8% and total cumulative return in cash sums $130,223. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,402/mo property income rather than buyer’s personal income.
Single Family
Built in 1990
7,514 sqft lot
$N/A/sqft
$12 monthly 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: Chrissi Jasso • ASSOCIATE REALTY
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #P4935410
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Some IDX listings have been excluded from this website. Listing Information presented by local MLS brokerage: Zillow, Inc - (407) 904-3511