The Covington Plan, Sand Lake Groves, Bartow, FL, 33830 | $276/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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The Covington Plan, Sand Lake Groves, Bartow, FL, 33830 | $276/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Bartow at The Covington Plan, Sand Lake Groves, Bartow, FL, 33830 listed at $301,900 pairs $2,280/mo rent with a $1,478/mo payment to leave $276/mo cash flow. Total monthly income runs $2,280/mo, and annual cash flow reaches $3,314/yr on $100,080 cash to close. Return on cash invested measures 23.22% in year one, and rental yield registers 9.06% at a $301,900 basis. Equity gained on principal adds $1,948/yr, and annual property appreciation at 5% supports $83,409 by year five. Five-year ROI tracks 121.22% and total cumulative return in cash totals $121,316. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,280/mo property income relative to a $1,478/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 2025

N/A lot

$N/A/sqft

No HOA

More details about the property

Sand Lake Groves is a brand new community in Bartow, FL, strategically positioned at the intersection of State Road 60 and Gandy Cemetery Rd. Downtown Bartow is nearby and provides a charming backdrop for boutique shopping, diverse dining options, and cultural indulgences. With its prime location and proximity to local amenities, Sand Lake Groves offers residents the perfect blend of modern comforts and natural allure in the heart of Bartow. No CDD!Get up to $15,000 in options!

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