628 Ridge TerWinter 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
Rental property for sale in Winter Haven at 628 Ridge Ter, Winter Haven, FL, 33881 priced at $169,000 converts $1,346/mo rent into $225/mo cash flow after a $827/mo obligation. Total monthly income equals $1,346/mo, and annual cash flow totals $2,696/yr on $56,024 invested. Return on cash invested prints 24.72% in year one, and rental yield reads 9.56% against a $169,000 entry. Equity gained on principal adds $1,091/yr, while 5% annual appreciation compiles into $46,692 by year five. Five-year ROI reaches 129.26% and total cumulative return in cash sums $72,415. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,346/mo property income covering a $827/mo payment, not borrower’s personal income.
Condo
Built in 1999
1,140 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: Casandra Vann • KELLER WILLIAMS REALTY SMART
Mls Name: Stellar MLS
Mls ID: #L4956747