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$620,000

For Sale - Active
1551 Flange Dr, Davenport, FL 33896
6 Beds
5 Baths
3,291 Square Feet
0.11 Acres Lot
Built in 2018
For Sale - Active
Units n/a
Checked: 2 days ago
Updated: Jul 11, 2025 at 03:41AM

Investment Summary


Monthly Cash Flow
-$1,705
Cap Rate
2.8%
Cash-on-Cash Return
-14.3%
Debt Coverage Ratio
0.46
Internal Rate of Return (5 years)
-9.9%

Property Description


0.11 Acres Lot
Built in 2018
For Sale - Active
Units n/a

Welcome to this stunning, fully furnished 6-bedroom, 5-bathroom single-family home located in the desirable Champions Gate community. Spanning 3,291 SqFt, this spacious residence offers the perfect blend of comfort, style, and privacy, making it ideal for vacationers, full-time residents, or as a high-performing rental property. Inside, you'll be greeted with a modern design featuring elegant finishes and upscale furnishings throughout. The gourmet kitchen is equipped with top-of-the-line stainless steel appliances, creating a space perfect for both entertaining and everyday living. Step outside to your own private oasis, complete with a pool and spa, offering the ideal setting to relax and enjoy the Florida sunshine. As a resident of Champions Gate, you'll have access to a range of world-class amenities, including a lazy river with a two-story waterslide, a large pool and jacuzzi, a splash zone, a state-of-the-art fitness center, a private movie theater, volleyball and tennis courts, a clubhouse restaurant, tiki bar, and a game room. Whether you’re seeking a primary residence, vacation getaway, or income-generating property, 1551 Flange Dr offers unparalleled Florida living. Don’t miss out on this exceptional opportunity—schedule a showing today.

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Location


Property Details


Parking

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

Bedroom Information

  • # of Bedrooms: 6

Bathroom Information

  • # of Baths (Full): 5
  • # of Baths (Total): 5.0

Interior Features

  • # of Rooms: 3
  • # of Stories: 2
  • Basement: Yes
  • Basement Description: Finished

Exterior Features

  • Exterior Walls Materials: Concrete Block
  • Roof Type: Gable or Hip
  • Roof Material: Tile
  • Pool: Yes

HOA

  • Has HOA: Yes
  • Association: Castle Group Management
  • HOA Fee: $150/monthly
  • Additional Association: ICON Management Services
  • Additional HOA Fee: $98/monthly

Land Information

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

Lot Information

  • Parcel ID: 312527512600012540
  • Lot Size: 4792 sqft

Property Information

  • Property Type: Single Family Residence
  • Year Built: 2018

Tax Information

  • Annual Tax: $9,175

Utilities

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

Location

  • County: Osceola

Listing Details


Listed by:
Fernanda Negromonte
NOVA REAL ESTATE SERVICES INC
(407) 592-1744

Source:
Stellar MLS
MLS#: O6291955
Stellar MLS

Investment Summary


Monthly Cash Flow
-$1,705
Cap Rate
2.8%
Cash-on-Cash Return
-14.3%
Debt Coverage Ratio
0.46
Internal Rate of Return (5 years)
-9.9%

Purchase Details

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Purchase price:
$620,000
Amount financed:
-$496,000
Down payment:
$124,000
Closing costs:
$18,600
Rehab costs:
$0
Initial cash invested:
$142,600
Square feet:
3,291
Cost per square foot:
$188
Monthly rent per square foot:
$1.09

Financing Details

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Loan amount:
$496,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$3,176
Property tax:
$765
Insurance:
$252
Private mortgage insurance (PMI):
$0
Monthly payment:
$4,193

Operating Income

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% Rent Monthly Yearly
Gross rent:
$3,600 $43,200
Vacancy loss: (6%)
6% -$216 -$2,592
Operating income:
$3,384 $40,608

Operating Expenses


% Rent Monthly Yearly
Property taxes: (21%)
21%-$765-$9,175
Insurance: (7%)
7%-$252-$3,024
Property management: (8%)
8%-$288-$3,456
Repairs & maintenance: (5%)
5%-$180-$2,160
Capital expenditures: (5%)
5%-$180-$2,160
HOA fees: (7%)
7%-$248-$2,976
Total operating expenses: (53%)
53%-$1,913-$22,951

Cash Flow


Monthly Yearly
Net operating income:
$1,471 $17,652
Mortgage payments:
-$3,176 -$38,112
Cash flow:
$1,705 $20,460