602 Rum Run #602DavenportFL33897
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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
Rental property for sale in Davenport at 602 Rum Run #602, Davenport, FL, 33897 generates $3,389/mo in rent and, after a $1,273/mo payment, leaves $998/mo in cash flow. Total monthly income is $3,389/mo, and annual cash flow is $11,978/yr on $86,190 invested. Return on cash invested sits at 33.81% in year one, and rental yield is 15.64% on a $260,000 entry. Equity gained on principal adds $1,678/yr, while 5% annual appreciation builds toward $71,833 over five years. Five-year ROI reaches 181.35% and total cumulative return in cash sums $156,305. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,389/mo property income rather than buyer’s personal income.
Condo
Built in 2005
385 sqft lot
$N/A/sqft
$665 monthly 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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Listed by: German Quinones • BHHS RESULTS REALTY
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #S5105703
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Some IDX listings have been excluded from this website. Listing Information presented by local MLS brokerage: Zillow, Inc - (407) 904-3511