Residential Income Home with
43420 HIGHWAY 27 #425 Davenport, FL 33837
New
For Sale
$60,000
HOA covers electricity, cable TV, water, and garbage, with convenient access to major highways and nearby amenities.
Property Size300 SF
Price / SF$200
Days on Market5
Property Features for 43420 HIGHWAY 27 #425
General Information
Standard status
Active
Size
300 SF
Property subtype
Condo - Hotel
Building Details
Year Built
1999
Listing Agency:
LPT REALTY, LLC
(877) 366-2213
Listed By:
Michael Hodge · License #3469602
Source:
Endlesssummerrealty
Added: Jul 25
Changed: Jul 28
Last Checked: Jul 29 at 5:40AM
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 LPT REALTY, LLC
Investment Insights
Based on property information with market context.
This residential income property is offered for sale as an affordable housing option with HOA-managed services. The HOA fee is $242 per month and includes electricity, cable TV, water, and garbage collection.
The property is described as being near major highways and a range of nearby destinations, including shopping centers, restaurants, medical offices, hospitals, entertainment venues, and public transportation. Access is noted for Highway 27 and I-4.
While the listing positions the home for both new homeowners and portfolio expansion, the key tenant-facing convenience here is the HOA coverage of core utilities and services.
The property is described as being near major highways and a range of nearby destinations, including shopping centers, restaurants, medical offices, hospitals, entertainment venues, and public transportation. Access is noted for Highway 27 and I-4.
While the listing positions the home for both new homeowners and portfolio expansion, the key tenant-facing convenience here is the HOA coverage of core utilities and services.
Key Highlights
- Year built 1999
- HOA fee is $242 monthly and includes electricity, cable TV, water, and garbage collection
- Convenient access to Highway 27 and I‑4
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 | $5.5k | $18.36 |
| − Vacancy | −$341 | −$1.14 |
| EGI | $5.2k | $17.22 |
| − OpEx | −$2.3k | −$7.75 |
| NOI | $2.8k | $9.47 |
300 SF · lease $18.36/SF/yr · vacancy 6.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$40.6K
$35.5K – $47.4K
NOI $2,842 @ 7.0% cap · market cap 4.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$72.1K
$63.1K – $84.1K
NOI $5,046 @ 7.0% cap · market cap 8.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Residential income property - HOA covers electricity, cable TV, water, and garbage, with convenient access to major highways and nearby amenities.
Where is this residential income property located?
The property is located at 43420 HIGHWAY 27 #425 Davenport, FL.
What is the asking price?
The asking price for this property is $60,000.
What are key features of this property?
This property features: Year built 1999; HOA fee is $242 monthly and includes electricity, cable TV, water, and garbage collection; Convenient access to Highway 27 and I‑4
