616 Rum Run #616DavenportFL33897
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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 616 Rum Run #616, Davenport, FL, 33897 earns $836/mo cash flow from $2,558/mo rent with a $1,270/mo payment. Total monthly income totals $2,558/mo, and annual cash flow totals $10,032/yr on $86,024 capital. ROI tracks 31.57% on current figures, and rental yield reads 11.83% at a $259,500 purchase. Equity gained on principal adds $1,675/yr, and 5% annual appreciation supports $71,695 over five years. Five-year ROI reaches 166.02% and total cumulative return in cash sums $142,817. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,558/mo property income instead of your personal income.
Condo
Built in 2005
356 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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