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$239,900

For Sale - Active
259 Mariposa, Winter Haven, FL 33884
3 Beds
2 Baths
1,443 Square Feet
0.09 Acres Lot
Built in 1977
For Sale - Active
1 Units
Checked: 1 day ago
Updated: Jul 12, 2025 at 05:55AM

Investment Summary


Monthly Cash Flow
-$254
Cap Rate
4.9%
Cash-on-Cash Return
-5.5%
Debt Coverage Ratio
0.79
Internal Rate of Return (5 years)
-1.4%

Property Description


0.09 Acres Lot
Built in 1977
For Sale - Active
1 Units

One or more photo(s) has been virtually staged. Welcome to 259 Mariposa – Updated Comfort in a Charming Mediterranean-Inspired Community with NO Age Restrictions! Located in the desirable Orchid Springs community of Winter Haven, this beautifully updated 3-bedroom, 2-bathroom home has undergone approximately $30,000 in recent upgrades, enhancing both its comfort and value. Featuring new luxury vinyl plank flooring throughout, freshly painted interiors, two renovated bathrooms, and updated plumbing (approximately 5 years ago), this move-in-ready residence offers easy living in a tranquil, lush setting. Orchid Springs is a Mediterranean-inspired neighborhood where tree-lined streets are graced by classic Spanish-style homes—known for their terracotta roof tiles, wrought iron accents, and warm stucco facades. The quaint community exudes character and charm, offering a picturesque backdrop for everyday life. The community has NO age restrictions, making it an ideal choice for residents of all ages. Step inside and be welcomed by an expansive great room, the heart of the home. Vaulted ceilings with exposed wood beams create an open, airy atmosphere, while the atrium fills the space with natural light. It's the perfect setting for both relaxing and entertaining. The kitchen features ample counter space, a convenient closet pantry, and a breakfast bar for casual meals. Adjacent to the kitchen, the dining area is surrounded by windows and overlooks a private rear patio—making it an ideal spot for morning coffee, evening dinners, or a cozy Florida room retreat. An additional flexible space beyond the great room can serve as a secondary dining area, home office, or extended living room. Each of the three bedrooms is generously sized and filled with natural light. The primary suite is a peaceful retreat with plenty of room for a king-size bed and additonal furniture. The second bedroom features a custom-built beautiful sliding barn door and a large walk-in closet, while the guest bedroom offers comfort and privacy for visitors or family. Both bathrooms have been tastefully remodeled. The primary bathroom boasts new modern floor tile, an updated vanity, and fresh beautiful finishes. The guest bath is equally impressive with a walk-in shower enclosed in seamless glass, contemporary tilework, a new vanity, and a Bluetooth speaker exhaust fan. Both spaces include updated lighting, hardware, and LED mirrors. Step outside to a private rear patio with a freshly painted privacy wall—ideal for sunbathing, grilling, or simply enjoying the peaceful setting. A two-car garage and a fully equipped laundry area with washer and dryer complete the home. Orchid Springs residents enjoy a community pool and clubhouse, perfect for morning swims or afternoon lounging. The neighborhood is lush, walkable, and offers a quiet retreat while remaining close to everything. For a low monthly fee of $101.50, residents benefit from lawn maintenance and use of the community clubhouse and swimming pool, providing convenience and exceptional value. Centrally located in Winter Haven, you'll enjoy nearby farmers markets, dining, medical facilities, Legoland FL and the iconic Winter Haven Chain of Lakes. Plus, you're just a short drive from Tampa and Orlando, offering access to airports, theme parks, and more. Schedule your private showing today and discover all that 259 Mariposa and Orchid Springs have to offer.

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Location


Property Details


Parking

  • Description: Garage
  • Details: Driveway, Garage Door Opener, Attached
  • Garage Spaces: 2
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 2.0

Interior Features

  • # of Rooms: 10
  • # of Stories: 1

Exterior Features

  • Exterior Walls Materials: Stucco
  • Foundation: Slab
  • Roof Type: Gable
  • Roof Material: Tile

HOA

  • Has HOA: Yes
  • Association: Nick Rhinehart
  • HOA Fee: $101/monthly

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 262825589000001749
  • Lot Size: 4082 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Patio Home, Mediterranean
  • Year Built: 1977

Tax Information

  • Annual Tax: $1,981

Utilities

  • Water & Sewer: Private
  • Heating: Central
  • Cooling: Central Air

Location

  • County: Polk

Listing Details


Listed by:
Deanna Stone
THE STONES REAL ESTATE FIRM
(863) 412-2080

Source:
Stellar MLS
MLS#: P4934419
Stellar MLS

Investment Summary


Monthly Cash Flow
-$254
Cap Rate
4.9%
Cash-on-Cash Return
-5.5%
Debt Coverage Ratio
0.79
Internal Rate of Return (5 years)
-1.4%

Purchase Details

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Purchase price:
$239,900
Amount financed:
-$191,920
Down payment:
$47,980
Closing costs:
$7,197
Rehab costs:
$0
Initial cash invested:
$55,177
Square feet:
1,443
Cost per square foot:
$166
Monthly rent per square foot:
$1.25

Financing Details

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Loan amount:
$191,920
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$1,229
Property tax:
$165
Insurance:
$126
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,520

Operating Income

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% Rent Monthly Yearly
Gross rent:
$1,800 $21,600
Vacancy loss: (6%)
6% -$108 -$1,296
Operating income:
$1,692 $20,304

Operating Expenses


% Rent Monthly Yearly
Property taxes: (9%)
9%-$165-$1,981
Insurance: (7%)
7%-$126-$1,512
Property management: (8%)
8%-$144-$1,728
Repairs & maintenance: (5%)
5%-$90-$1,080
Capital expenditures: (5%)
5%-$90-$1,080
HOA fees: (6%)
6%-$102-$1,224
Total operating expenses: (40%)
40%-$717-$8,605

Cash Flow


Monthly Yearly
Net operating income:
$975 $11,700
Mortgage payments:
-$1,229 -$14,748
Cash flow:
$254 $3,048