Active

$385,000

Features:
  • 5 Bedrooms
  • 4 Bathrooms
  • 2522 sq ft
Overview
  • ID: MFRS5155696
  • Bedrooms: 5
  • Bathrooms: 4
  • Size: 2522 sq ft
Property Details
Remarks
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.
Financial Considerations
Price:
$385,000
HOA Fee:
110
Tax Amount:
$9093
Price per SqFt:
$152.66
Tax Legal Description:
LAKE CHARLES RESORT PHASE 2 PB 189 PG 4-8 LOT 435
Exterior Features
Lot Size:
4940
Lot Features:
N/A
Waterfront:
Yes
Parking Spaces:
N/A
Parking:
N/A
Roof:
Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
5
Bathrooms:
4
Heating:
Central
Cooling:
Central Air
Appliances:
Convection Oven, Dishwasher, Disposal, Dryer, Freezer, Ice Maker, Microwave, Range, Refrigerator, Washer
Furnished:
Yes
Floor:
Ceramic Tile, Vinyl, Wood
Levels:
Two
Additional Features
Property Sub Type:
Single Family Residence
Style:
N/A
Year Built:
2024
Construction Type:
Concrete
Garage Spaces:
Yes
Covered Spaces:
N/A
Direction Faces:
Southwest
Pets Allowed:
No
Special Condition:
None
Additional Features:
Lighting, Private Mailbox
Additional Features 2:
N/A
Map
  • Address
    1234 RED HILL RD
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