1634 Ocean Cir, Davenport, FL, 33897 | $116/mo Cash Flow

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1634 Ocean Cir, Davenport, FL, 33897 | $116/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 Davenport at 1634 Ocean Cir, Davenport, FL, 33897 offers a 9.35% rental yield on a $100,000 purchase with $779/mo rent. Total monthly income registers $779/mo, and a $489/mo payment leaves $116/mo available for distribution. Annual cash flow reaches $1,390/yr on $33,150 to close, and return on cash invested stands at 24.1% in year one. Equity gained on principal adds $645/yr while 5% annual appreciation supports $27,628 over five years. Portfolio math shows five-year ROI at 125.91% and total cumulative return in cash at $41,740. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $779/mo property income against a $489/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Manufactured

Built in 2005

N/A lot

$N/A/sqft

No HOA

More details about the property

Welcome to 1634 Ocean Circle in Windmill Village. A charming 55+ manufactured home community located in the heart of Davenport, Florida! This well-maintained 2-bedroom, 2-bathroom home offers peace of mind with numerous big-ticket updates already completed. The A/C was replaced in 2022, and the roof was updated in 2018. The kitchen is equipped with reliable stainless steel appliances including a dishwasher, range, refrigerator, microwave, washer, and dryer - all replaced in 2017, along with a newer water heater from the same year. Step inside to a bright, open layout ideal for both everyday living and entertaining. Whether you're sipping coffee on your custom screened-in tiled lanai (w/ Large Windows and A/C), hanging out in the den with friends and family, or enjoying the quiet community atmosphere, this home is ready for your personal touch. Windmill Village offers an array of amenities for its residents including A community clubhouse with planned social activities, Swimming pool, Tennis, and shuffleboard courts. Perfectly situated in Davenport, you'll be just minutes away from Posner Park for shopping, dining, and entertainment, AdventHealth Heart of Florida Hospital, Walt Disney World, Orlando International Airport, and Easy access to I-4 and Highway 27 for smooth commuting. This is your chance to live in a vibrant, active community with unbeatable proximity to all Central Florida has to offer. Whether you're looking for a seasonal escape or full-time residence, 1634 Ocean Drive is the perfect place to call home.

Neighborhood Data

Neighborhood data shown for ZIP Code: 33897, Davenport, FL area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	15,034 (100%)
Owner Occupied HU	8,197 (54.5%)
Renter Occupied HU	2,928 (19.5%)
Vacant Housing Units	3,909 (26.0%)
Median Home Value	$331,383
Average Home Value	$360,837