ChampionsGate Condo: Furnished Investment
1131 DROP LANE 903 Davenport, FL 33896
1131 DROP LANE 903, Davenport, FL, 33896
$415,000
For Sale
$415,000
Furnished 3 bed, 2 bath condo in ChampionsGate.
Property Size1,787 SF
Lot Size0.05 Acres
Price / SF$232.23
Days on Market862
Property Features for 1131 DROP LANE 903
General Information
- Standard status
- Active
- Size
- 1,787 SF
- Lot size
- 0.05 Acres
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 2021
Listing Agency
SVN SAUNDERS RALSTON DANTZLER REAL ESTATE
(407) 437-2550
Listed by
Reinaldo Sobrino · License #3438537
(407) 437-2550
Source
Exitrealty
Added: Mar 7, 2024 Checked: Jul 17 at 3:41 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SVN SAUNDERS RALSTON DANTZLER REAL ESTATE
Investment Insights
Based on property information with market context.
Located in a gated community, this property offers a fully furnished condo featuring 3 bedrooms and 2 bathrooms. The unit spans 1,787 square feet and includes a 1-car garage. This property is suitable for short-term rentals and generating income from the vacation rental market. It is move-in ready and fully equipped.
Key Highlights
- Fully furnished and ready for Airbnb or short‑term rentals, offering turnkey convenience.
- Located in the desirable, gated community of ChampionsGate.
- 3 bedrooms and 2 bathrooms.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $32.8k | $18.36 |
| − Vacancy | −$2.0k | −$1.14 |
| EGI | $30.8k | $17.22 |
| − OpEx | −$13.8k | −$7.75 |
| NOI | $16.9k | $9.47 |
1,787 SF · lease $18.36/SF/yr · vacancy 6.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$241.8K
$211.6K – $282.1K
NOI $16,926 @ 7.0% cap · market cap 4.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$429.4K
$375.8K – $501.0K
NOI $30,060 @ 7.0% cap · market cap 7.24%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Short term rental ...
Similar For Sale Nearby
FAQs
What type of property is this?
Short term rental property - Furnished 3 bed, 2 bath condo in ChampionsGate.
Where is this short term rental property located?
The property is located at 1131 DROP LANE 903 Davenport, FL.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: Fully furnished and ready for Airbnb or short‑term rentals, offering turnkey convenience.; Located in the desirable, gated community of ChampionsGate.; 3 bedrooms and 2 bathrooms.
