611 N Wiggins RdPlant CityFL33566
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Plant City at 611 N Wiggins Rd, Plant City, FL, 33566 offers $2,598/mo rent that, after a $1,566/mo payment, leaves $475/mo cash flow. Total monthly income is $2,598/mo, and annual cash flow is $5,696/yr on $106,080 cash. Return on cash invested measures 25.28% in year one, and rental yield stands at 9.74% at a $320,000 entry. Equity gained on principal adds $2,065/yr while 5% annual appreciation compounds into $88,410 by year five. Five-year ROI records 132.22% and total cumulative return in cash reaches $140,259. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,598/mo property income versus a $1,566/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1905
0.55 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33566, Plant City, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,420 (100%) |
| Owner Occupied HU | 5,670 (67.3%) |
| Renter Occupied HU | 2,275 (27.0%) |
| Vacant Housing Units | 475 ( 5.6%) |
| Median Home Value | $401,425 |
| Average Home Value | $421,644 |
Housing Distribution
Address Breakdown
Residential
8,092
Single Family
7,384
Multi-Family
708
Businesses
388
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Karen Chastain • KELLER WILLIAMS SUBURBAN TAMPA
Mls Name: Stellar MLS
Mls ID: #TB8456328