615 Formosa AveBartowFL33830
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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
Investment property for sale in Bartow at 615 Formosa Ave, Bartow, FL, 33830 at $135,000 posts ROI 23.61% with $138/mo cash flow from $1,034/mo rent. Total monthly income equals $1,034/mo, and annual cash flow records $1,654/yr on $44,753 to close. Return on cash invested measures 23.61% and rental yield reads 9.19% at the current $135,000. Equity gained on principal adds $871/yr, and 5% annual appreciation supports $37,298 by year five. Five-year ROI prints 123.27% and total cumulative return in cash totals $55,165.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,034/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1952
9,100 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33830, Bartow, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,289 (100%) |
| Owner Occupied HU | 8,662 (65.2%) |
| Renter Occupied HU | 3,320 (25.0%) |
| Vacant Housing Units | 1,307 ( 9.8%) |
| Median Home Value | $307,472 |
| Average Home Value | $360,489 |
Housing Distribution
Address Breakdown
Residential
11,750
Single Family
10,889
Multi-Family
861
Businesses
790
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