311 E Palmetto St, Davenport, FL, 33837 | $35/mo Cash Flow

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311 E Palmetto St, Davenport, FL, 33837 | $35/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 311 E Palmetto St, Davenport, FL, 33837 with 5% annual appreciation on a $395,000 basis while $2,656/mo rent supports operations. Total monthly income totals $2,656/mo and a $1,933/mo payment preserves $35/mo for cash returns. Annual cash flow comes to $420/yr on $130,943 deployed, and return on cash invested reaches 20.23% in year one. Equity gained on principal adds $2,549/yr, and five-year appreciation sums $109,131 alongside rental yield of 8.07%. Five-year ROI measures 105.18% and total cumulative return in cash totals $137,730.

Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,656/mo property income versus a $1,933/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Single Family

Built in 2020

0.37 Acres lot

$N/A/sqft

No HOA

More details about the property

This lovely 3 bedroom 2 bath home sits on a corner lot located in a quiet, family-friendly neighborhood of Davenport. With its open concept you can enjoy company from anywhere in the main area. The kitchen has ample space with plenty of cabinets for storage. The master bathroom has a large walk in shower. The substantial size master closet has been updated to a California closet style. Lots of natural light from the large entryway and the back sliding door looking out to a good size back yard partially fenced with a sitting area. Enjoy walks to the neighborhood park. If you have elementary aged children you can even enjoy walks to school. Middle school and high school are also a short drive away. Always feel safe with the police station just a couple of blocks away. It is located 30 minutes from Disney and an hour away from Tampa and close to all kinds of restaurants in between. Enjoy shopping at nearby Posner Park. This home is sure to go fast!

Neighborhood Data

Neighborhood data shown for ZIP Code: 33837, Davenport, FL area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	26,250 (100%)
Owner Occupied HU	16,890 (64.3%)
Renter Occupied HU	3,121 (11.9%)
Vacant Housing Units	6,239 (23.8%)
Median Home Value	$353,378
Average Home Value	$372,412