Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Copied
Photo
Copied
Photo
Photo
Photo
Photo
See all photos

$309,000

For Sale - Active
140 Highland Meadows St, Davenport, FL 33837
3 Beds
2 Baths
1,305 Square Feet
0.18 Acres Lot
Built in 2014
For Sale - Active
1 Units
Checked: 11 hours ago
Updated: Jul 13, 2025 at 04:04AM

Investment Summary


Monthly Cash Flow
-$680
Cap Rate
3.5%
Cash-on-Cash Return
-11.5%
Debt Coverage Ratio
0.57
Internal Rate of Return (5 years)
-7.1%

Property Description


0.18 Acres Lot
Built in 2014
For Sale - Active
1 Units

**SELLERS HIGHLY MOTIVATED AND OFFERING 4K IN CONCESSIONS!!** Welcome to this beautifully updated 3-bedroom, 2-bathroom home in the peaceful Highland Meadows community of Davenport. Perfect for first-time homebuyers or anyone looking to downsize, this move-in-ready home combines comfort, function, and style. Step inside to find gorgeous new tile flooring throughout—no carpet in sight! The open-concept layout offers a bright and airy living space ideal for relaxing or entertaining. The kitchen features sleek new appliances and flows seamlessly into the dining and living areas. Both bathrooms have been thoughtfully renovated with modern finishes, and the bedrooms are perfectly sized with plenty of natural light. The primary suite includes a walk-in closet and a beautifully appointed en-suite bath with a soaking tub. Outside there's a patio and an oversized, fully fenced backyard to enjoy —perfect for weekend barbecues, pets, or simply unwinding in privacy. **As an Added Bonus: This home offers an assumable loan—an excellent opportunity to lock in a potentially lower interest rate!** Located in a quiet, established neighborhood with low HOA and easy access to I-4, Posner Park, and area attractions, this home offers the perfect balance of tranquility and convenience. Don’t miss your opportunity to make it yours—schedule your showing today!

Build Your Team


Quickly find investor-friendly professionals who can help you succeed in real estate investing at any stage of the investing journey.

Agents

Match with investor-friendly agents who can help you find, analyze, and close your next deal

Find an Agent

Lenders

Get the best funding…find investor-friendly lenders who specialize in your deal strategy

Find a Lender

Property Managers

Transition to passive investing. Find a trusted property management partnership that lasts.

Find a Property Manager

Tax Pros & Accountants

Taxes and financial reporting made easy—find experts to create tax savings strategies, file taxes, and more

Find a Tax Pro

Location


Property Details


Parking

  • Description: Garage
  • Details: Attached
  • Garage Spaces: 2
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 2.0

Interior Features

  • # of Rooms: 9
  • # of Stories: 1

Exterior Features

  • Exterior Walls Materials: Stucco
  • Foundation: Slab
  • Roof Type: Hip
  • Roof Material: Shingle

HOA

  • Has HOA: Yes
  • Association: Highland Meadows Community
  • HOA Fee: $25/annually

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 272709729503000910
  • Lot Size: 8050 sqft

Property Information

  • Property Type: Single Family Residence
  • Year Built: 2014

Tax Information

  • Annual Tax: $5,704

Utilities

  • Water & Sewer: Public
  • Heating: Central
  • Cooling: Central Air

Location

  • County: Polk

Listing Details


Listed by:
Shaheda Gordon-Jefferson
LIFESTYLE INTERNATIONAL REALTY
(646) 456-7410

Source:
Stellar MLS
MLS#: O6306294
Stellar MLS

Investment Summary


Monthly Cash Flow
-$680
Cap Rate
3.5%
Cash-on-Cash Return
-11.5%
Debt Coverage Ratio
0.57
Internal Rate of Return (5 years)
-7.1%

Purchase Details

Find an Agent

Purchase price:
$309,000
Amount financed:
-$247,200
Down payment:
$61,800
Closing costs:
$9,270
Rehab costs:
$0
Initial cash invested:
$71,070
Square feet:
1,305
Cost per square foot:
$237
Monthly rent per square foot:
$1.53

Financing Details

Find a Lender

Loan amount:
$247,200
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$1,583
Property tax:
$475
Insurance:
$140
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,198

Operating Income

Find a Property Manager

% Rent Monthly Yearly
Gross rent:
$2,000 $24,000
Vacancy loss: (6%)
6% -$120 -$1,440
Operating income:
$1,880 $22,560

Operating Expenses


% Rent Monthly Yearly
Property taxes: (24%)
24%-$475-$5,704
Insurance: (7%)
7%-$140-$1,680
Property management: (8%)
8%-$160-$1,920
Repairs & maintenance: (5%)
5%-$100-$1,200
Capital expenditures: (5%)
5%-$100-$1,200
HOA fees: (0%)
0%-$2-$24
Total operating expenses: (49%)
49%-$977-$11,728

Cash Flow


Monthly Yearly
Net operating income:
$903 $10,836
Mortgage payments:
-$1,583 -$18,996
Cash flow:
$680 $8,160