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$349,000

Sale Pending
900 Howard Ter NW, Winter Haven, FL 33881
3 Beds
2 Baths
2,280 Square Feet
0.34 Acres Lot
Built in 1960
Sale Pending
1 Units
Checked: 2 days ago
Updated: Jul 21, 2025 at 04:24AM

Investment Summary


Monthly Cash Flow
-$227
Cap Rate
5.4%
Cash-on-Cash Return
-3.4%
Debt Coverage Ratio
0.87
Internal Rate of Return (5 years)
0.7%

Property Description


0.34 Acres Lot
Built in 1960
Sale Pending
1 Units

Under contract-accepting backup offers. Welcome to this charming 3-bedroom, 2-bath home with endless potential. Nestled in a very desirable neighborhood between Lake Howard and Lake Mirror and just waiting for a family to update it into the home of their dreams. This residence offers a comfortable and very spacious layout perfect for both relaxing and entertaining. Step inside a large foyer to find a formal living and dining room, ideal for hosting guests or enjoying quiet evenings. The heart of the home features a cozy family room with a fireplace that opens seamlessly to the kitchen—perfect for casual gatherings and everyday living. Sliding doors open to the pool and patio. The expansive living room is filled with natural light and features French doors that lead to the screened pool and patio area, creating a perfect indoor-outdoor flow for year-round enjoyment. Additional highlights include a breezeway from the family room leading to the 2-car garage with a generous laundry area and ample storage. Convenient location with easy access to shopping, dining, and downtown entertainment. Don’t miss the opportunity to make this well-loved home your own!

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Location


Property Details


Parking

  • Description: Garage
  • Details: 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: 7
  • # of Stories: 1
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Stucco
  • Foundation: Slab
  • Roof Type: Gable
  • Roof Material: Metal
  • Pool: Yes

Land Information

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

Lot Information

  • Parcel ID: 262820562600000230
  • Lot Size: 14614 sqft

Property Information

  • Property Type: Single Family Residence
  • Year Built: 1960

Tax Information

  • Annual Tax: $1,968

Utilities

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

Location

  • County: Polk

Listing Details


Listed by:
Donna Sealy
KLINE REAL ESTATE SERVICES
(863) 206-5328

Source:
Stellar MLS
MLS#: B4901957
Stellar MLS

Investment Summary


Monthly Cash Flow
-$227
Cap Rate
5.4%
Cash-on-Cash Return
-3.4%
Debt Coverage Ratio
0.87
Internal Rate of Return (5 years)
0.7%

Purchase Details

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Purchase price:
$349,000
Amount financed:
-$279,200
Down payment:
$69,800
Closing costs:
$10,470
Rehab costs:
$0
Initial cash invested:
$80,270
Square feet:
2,280
Cost per square foot:
$153
Monthly rent per square foot:
$1.10

Financing Details

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Loan amount:
$279,200
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$1,788
Property tax:
$164
Insurance:
$175
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,127

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,500 $30,000
Vacancy loss: (6%)
6% -$150 -$1,800
Operating income:
$2,350 $28,200

Operating Expenses


% Rent Monthly Yearly
Property taxes: (7%)
7%-$164-$1,968
Insurance: (7%)
7%-$175-$2,100
Property management: (8%)
8%-$200-$2,400
Repairs & maintenance: (5%)
5%-$125-$1,500
Capital expenditures: (5%)
5%-$125-$1,500
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (32%)
32%-$789-$9,468

Cash Flow


Monthly Yearly
Net operating income:
$1,561 $18,732
Mortgage payments:
-$1,788 -$21,456
Cash flow:
$227 $2,724