ZIP CODE 33844 // LAKELAND-WINTER HAVEN, FL // DATA AS OF 2026-09-30
Haines City, FL (33844) Rental Property Cap Rate & Cash Flow Report
Located in Polk County (Haines City, FL), Zip Code 33844 ranks #16 of 500 within this selected sample (97th percentile) with a Zillow ZHVI typical home-value index of $292,346 (-3.1% YoY) and a ZORI observed market rent of $2,079/mo (+3.5% YoY). Cash-flow positive at standard 20% down payment (break-even down payment: 19.1%). This model combines different housing populations; it is not an observed average property return. Costs assume state-average tax, 0.5% annual insurance, 13% reserves and no HOA or management. Figures below follow your edits; this headline describes the original benchmark.
Net Monthly Cash Flow
+$16/mo
Annual: +$194/yr
Modeled Cap Rate
6.13%
NOI: $17,933/yr
Cash-on-Cash Return
0.29%
Cash Needed: $67,240
1% Rule Ratio
0.71%
Gross Yield: 8.53%
Break-Even Rent
$2,060/mo
State Tax: 0.79%/yr
INTERACTIVE PRO-FORMA STATEMENT (ZIP 33844 BENCHMARK)
Edit any value
Purchase Price (ZHVI proxy)
Monthly Gross Rent (ZORI proxy)
Down Payment (%)
Interest Rate (30Y Fixed %)
Annual Property Tax (FL Avg 0.79%)
Annual Home Insurance ($)
Monthly HOA Fee ($)
Monthly Debt Service (P&I)
-$1,478/mo
Monthly Operating Expenses (Tax + Ins + 13% Reserves)
-$585/mo
HISTORICAL ZHVI PRICE VS. ZORI RENT TRAJECTORY (33844)
| Year | ZHVI Value | ZORI Rent | Gross Yield |
|---|---|---|---|
| 2022 | $326,372 | $1,880/mo | 6.91% |
| 2023 | $319,575 | $1,907/mo | 7.16% |
| 2024 | $317,787 | $1,955/mo | 7.38% |
| 2025 | $301,766 | $2,010/mo | 7.99% |
| 2026 | $292,346 | $2,079/mo | 8.53% |
COMPARABLE U.S. RENTAL MARKETS
| Zip / City | Price | Rent | Cap Rate | Cash Flow |
|---|---|---|---|---|
| 32808 Pine Hills, FL | $257,851 | $1,710/mo | 5.63% | -$93/mo |
| 33463 Greenacres, FL | $385,898 | $2,546/mo | 5.60% | -$151/mo |
| 33311 Fort Lauderdale, FL | $363,199 | $2,379/mo | 5.55% | -$157/mo |
| 34953 Port Saint Lucie, FL | $398,028 | $2,551/mo | 5.40% | -$221/mo |
| 32822 Orlando, FL | $258,437 | $1,653/mo | 5.39% | -$147/mo |
| 33025 Miramar, FL | $388,027 | $2,450/mo | 5.30% | -$248/mo |