848 Longboat DrDavenportFL33896
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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 848 Longboat Dr, Davenport, FL, 33896 with 5% annual appreciation on a $349,990 basis while $2,461/mo rent supports operations. Total monthly income totals $2,461/mo and a $1,713/mo payment preserves $138/mo for cash returns. Annual cash flow comes to $1,661/yr on $116,022 deployed, and return on cash invested reaches 21.34% in year one. Equity gained on principal adds $2,258/yr, and five-year appreciation sums $96,696 alongside rental yield of 8.44%. Five-year ROI measures 111.12% and total cumulative return in cash totals $128,927.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,461/mo property income versus a $1,713/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Townhouse
Built in 2023
1,742 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33896, Davenport, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,407 (100%) |
| Owner Occupied HU | 5,543 (31.8%) |
| Renter Occupied HU | 6,463 (37.1%) |
| Vacant Housing Units | 5,401 (31.0%) |
| Median Home Value | $389,329 |
| Average Home Value | $434,595 |
Housing Distribution
Address Breakdown
Residential
13,802
Single Family
7,999
Multi-Family
5,803
Businesses
229
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