506 Parrott RdAuburndaleFL33823
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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 Auburndale at 506 Parrott Rd, Auburndale, FL, 33823 priced at $524,000 converts $2,034/mo rent into after a $2,565/mo obligation. Total monthly income equals $2,034/mo. Return on cash invested prints 10.01% in year one, and rental yield reads 4.66% against a $524,000 entry. Equity gained on principal adds $3,381/yr, while 5% annual appreciation compiles into $144,772 by year five. Five-year ROI reaches 50.34% and total cumulative return in cash sums $86,779. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,034/mo property income covering a $2,565/mo payment, not borrower’s personal income.
Single Family
Built in 2003
0.89 Acres lot
$N/A/sqft
No HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 33823, Auburndale, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,100 (100%) |
| Owner Occupied HU | 10,984 (68.2%) |
| Renter Occupied HU | 3,630 (22.5%) |
| Vacant Housing Units | 1,486 ( 9.2%) |
| Median Home Value | $317,933 |
| Average Home Value | $323,289 |
Housing Distribution
Address Breakdown
Residential
15,339
Single Family
15,047
Multi-Family
292
Businesses
969
Price History
Date | Event | Price |
|---|---|---|
| 2025-02-12 | Listed for sale | $524,000 |
| 2024-07-12 | Listing removed | $439,000 |
| 2024-03-28 | Price change | $595,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
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Nearby investment properties with comparable prices
Facts & Features
General Information
- Type: SingleFamily
- Year Built: 2003
- Architectural Style: N/A
- Building Area: 3,184
- Living Area: 1,883 sqft
- Property Condition: N/A
Features & Amenities
- Heating: Central
- Cooling: Central Air
- Flooring: Carpet, Ceramic Tile, Laminate, Parquet
- Interior Features: Ceiling Fan(s), Crown Molding, Kitchen/Family Room Combo, Living Room/Dining Room Combo, Open Floorplan, Solid Wood Cabinets, Split Bedroom, Stone Counters, Tray Ceiling(s), Vaulted Ceiling(s), Walk-In Closet(s)
- Exterior Features: Lighting, Private Mailbox, Rain Gutters
- Parking Features: Boat, Driveway, Garage Door Opener, Oversized, RV Garage
Location
- City: Auburndale
- State: FL
- Subdivision: 0
- Lot Size: 0.89 Acres
- Lot Features: 1/2 to less than 1 Acre
- View: N/A
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: Cable Connected, Electricity Connected, Water Connected
- Sewer: Septic Tank
- Water Source: Public
- Road Surface Type: Paved
School Information
- Elementary School: Auburndale Central Elem
- Middle School: Westwood Middle
- High School: Auburndale High School
Listed by: Suzy Davis • REAL BROKER, LLC
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #TB8347206
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