623 Elderberry DrDavenportFL33897
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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 623 Elderberry Dr, Davenport, FL, 33897 uses $116,025 cash to close to unlock $2,957/yr annual cash flow and $246/mo monthly cash flow. Total monthly income runs $2,569/mo, and a $1,713/mo payment keeps the spread at $246/mo. Purchase price stands at $350,000, and rental yield measures 8.81% with $2,569/mo rent. Return on cash invested shows 22.46% in year one, and 5% annual appreciation builds toward $96,699 over five years. Five-year ROI reaches 117.11% and total cumulative return in cash records $135,878. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,569/mo property income covering a $1,713/mo payment rather than investor’s personal income.
Single Family
Built in 2005
6,817 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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