508 Sweet Bay Cir SE #508Winter HavenFL33884
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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 508 Sweet Bay Cir SE #508, Winter Haven, FL, 33884 generates $1,854/mo in rent and, after a $1,027/mo payment, leaves $461/mo in cash flow. Total monthly income is $1,854/mo, and annual cash flow is $5,537/yr on $69,582 invested. Return on cash invested sits at 27.87% in year one, and rental yield is 10.6% on a $209,900 entry. Equity gained on principal adds $1,354/yr, while 5% annual appreciation builds toward $57,992 over five years. Five-year ROI reaches 146.15% and total cumulative return in cash sums $101,696. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,854/mo property income rather than buyer’s personal income.
Condo
Built in 1985
580 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33884, Winter Haven, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,430 (100%) |
| Owner Occupied HU | 11,886 (64.5%) |
| Renter Occupied HU | 4,131 (22.4%) |
| Vacant Housing Units | 2,413 (13.1%) |
| Median Home Value | $350,072 |
| Average Home Value | $379,465 |
Housing Distribution
Address Breakdown
Residential
16,544
Single Family
13,762
Multi-Family
2,782
Businesses
549
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Listed by: Brenda J Quinn • QUINN & COMPANY REALTORS, LLC
Mls Name: Stellar MLS
Mls ID: #P4936343