205 Watling Way #24205DavenportFL33897
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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 205 Watling Way #24205, Davenport, FL, 33897 uses $70,941 cash to close to unlock $1,107/yr annual cash flow and $92/mo monthly cash flow. Total monthly income runs $1,512/mo, and a $1,047/mo payment keeps the spread at $92/mo. Purchase price stands at $214,000, and rental yield measures 8.48% with $1,512/mo rent. Return on cash invested shows 21.47% in year one, and 5% annual appreciation builds toward $59,124 over five years. Five-year ROI reaches 111.84% and total cumulative return in cash records $79,343. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,512/mo property income covering a $1,047/mo payment rather than investor’s personal income.
Condo
Built in 2005
667 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
12,186
Single Family
10,198
Multi-Family
1,988
Businesses
205
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