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.
| MLS # | S5155696 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| HOA Dues | $110 |
| Sub-Type | For-sale |
| Status | Active |
| Year | 2024 |
| Days On Site | 60 |
| Listing Provided By | ADVANCE FLORIDA REALTY, INC. | Fabio Gilbeaux |
| Bed(s) | 5 |
|---|---|
| Bath(s) | 4 Total |
| SQ Feet | 2,522 |
| Garage | 2 |
| Story(s) | 2 |
| Acreage | 0.11 |
| Water Front | Yes |
| Property | 9093 |
|---|
| State | FL |
|---|---|
| County | Polk |
| City | DAVENPORT |
| Zip Code | 33837 |
| Area | 33837 Davenport |
| Community Name | LAKE CHARLES RESIDENCE PH 2 |
| Listing VS Median (in LAKE CHARLES RESIDENCE PH 2) | |
Price: $385,000 low | high Med: $322,450 sqft: 2,522 low | high Med: 1,867 $ / sqft: $153 low | high Med: $173 On site: 60 low | high Med: 92 | |
| State | FL |
|---|---|
| County | Polk |
| City | DAVENPORT |
| Zip Code | 33837 |
| Area | 33837 Davenport |
| Community Name | LAKE CHARLES RESIDENCE PH 2 |
| Listing VS Median (in LAKE CHARLES RESIDENCE PH 2) | |
Price: $385,000 low | high Med: $322,450 sqft: 2,522 low | high Med: 1,867 $ / sqft: $153 low | high Med: $173 On site: 60 low | high Med: 92 | |