398 Winter Ridge Blvd #398Winter HavenFL33881
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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
Investment property for sale in Winter Haven at 398 Winter Ridge Blvd #398, Winter Haven, FL, 33881 uses $51,383 cash to close to unlock $1,884/yr annual cash flow and $157/mo monthly cash flow. Total monthly income runs $1,186/mo, and a $759/mo payment keeps the spread at $157/mo. Purchase price stands at $155,000, and rental yield measures 9.18% with $1,186/mo rent. Return on cash invested shows 23.58% in year one, and 5% annual appreciation builds toward $42,824 over five years. Five-year ROI reaches 123.2% and total cumulative return in cash records $63,304. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,186/mo property income covering a $759/mo payment rather than investor’s personal income.
Condo
Built in 1996
1,142 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33881, Winter Haven, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,487 (100%) |
| Owner Occupied HU | 11,896 (61.0%) |
| Renter Occupied HU | 5,104 (26.2%) |
| Vacant Housing Units | 2,487 (12.8%) |
| Median Home Value | $242,590 |
| Average Home Value | $269,782 |
Housing Distribution
Address Breakdown
Residential
18,922
Single Family
17,184
Multi-Family
1,738
Businesses
828
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Listed by: CarLee Marchetti • STAR REALTY OF WINTER HAVEN
Mls Name: Stellar MLS
Mls ID: #P4936615