Property Description

INVESTOR OPPORTUNITY – ASKING $385,000 – 6.9 CAP RATE – 5 BED / 3 BATH LAKEFRONT HOME – BUILT 2023

Exceptional investment opportunity in the desirable Charles Cove community in Davenport! ASKING ONLY $385,000. This spacious 5-bedroom, 3-full-bath, 2-car garage lakefront home, built in 2023, offers one of the best prices in Davenport for a home of this size, style, and age, combined with exceptionally low ownership costs: HOA only $110/year, insurance approximately $1,500/year, and property taxes approximately $3,495/year.

Already tenant-occupied at $2,640/month through April 2027, providing immediate rental income and an outstanding 6.9 CAP RATE.

The modern two-story floor plan features an open-concept living area and a convenient first-floor bedroom with full bathroom, ideal for guests or multi-generational living. Upstairs you’ll find the spacious primary suite, three additional bedrooms, two full bathrooms, a loft, and laundry room. Smart-home features and tile/wood-style flooring throughout the first floor add to the home’s appeal.

Enjoy beautiful lakefront views and Charles Cove’s resort-style amenities, including a community pool with kiddie splash zone, playground, multi-purpose sports/soccer field, shaded cabanas, picnic areas, and pavilion.

Excellent Davenport location just off US Hwy 27, approximately 15 miles from Disney’s main gate, and convenient to Posner Park/Posner Village, shopping, restaurants, schools, and major Central Florida attractions.

INVESTMENT HIGHLIGHTS: Asking $385,000 | Built 2023 | 5 Beds | 3 Full Baths | 2-Car Garage | Lakefront | Rent $2,640/Month Through April 2027 | 6.9 CAP Rate | HOA $110/Year | Insurance Approx. $1,500/Year | Property Taxes Approx. $3,495/Year | Immediate Rental Income.

Location
US
FL
Polk
DAVENPORT
33837
Go on Us 27 to Massee Rd, turn west. Drive for 4-5 blocks, Charles cove will be at your left
33837 - Davenport
MLS Addon
ADVANCE FLORIDA REALTY, INC.

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5%

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$1421

Monthly Payment

Principal & Interest $1421

Monthly Taxes $1421

Monthly HOA $1421

Monthly Insurance $1421

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Residential

DAVENPORT, Florida 33837

5 Bedrooms
3 Bathrooms
2,522 Sqft
$385,000
Listing ID #MFRS5155696
Property Details
Property Type : Residential
Price : $385,000
Bedrooms : 5
Bathrooms : 3
Half Bathrooms : 1
Square Footage : 2,522 Sqft
Year Built : 2024
Listing ID : MFRS5155696