114 Terrace Ridge Cir #114DavenportFL33896
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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
Investment property for sale in Davenport at 114 Terrace Ridge Cir #114, Davenport, FL, 33896 uses $62,886 cash to close to unlock $2,395/yr annual cash flow and $200/mo monthly cash flow. Total monthly income runs $1,458/mo, and a $928/mo payment keeps the spread at $200/mo. Purchase price stands at $189,700, and rental yield measures 9.22% with $1,458/mo rent. Return on cash invested shows 23.72% in year one, and 5% annual appreciation builds toward $52,411 over five years. Five-year ROI reaches 123.89% and total cumulative return in cash records $77,906. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,458/mo property income covering a $928/mo payment rather than investor’s personal income.
Condo
Built in 2005
684 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33896, Davenport, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,407 (100%) |
| Owner Occupied HU | 5,543 (31.8%) |
| Renter Occupied HU | 6,463 (37.1%) |
| Vacant Housing Units | 5,401 (31.0%) |
| Median Home Value | $389,329 |
| Average Home Value | $434,595 |
Housing Distribution
Address Breakdown
Residential
13,802
Single Family
7,999
Multi-Family
5,803
Businesses
229
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