2.875% Interest in a 55+ Community

2.875% Interest in a 55+ Community

3 Beds | 2 Baths | 2,249 Sq Ft | 6,865 Sq Ft Lot | 2008 Build
Block construction home with strong size and layout in a newer Davenport community. Property is vacant and requires only a light renovation, making this a clean flip or hybrid hold opportunity. With over 2,200 sq ft and a 2-car garage, it competes directly with top-end comps in the area. Major items are mostly in place, with a 2016 roof and original 2008 A/C. Monthly HOA is $403, which should be factored into hold or rental calculations. Given the condition and square footage, this presents a straightforward value-add with solid resale support.

Comparables
501 Arena Dr, Davenport, FL 33837 3 Beds | 2 Baths | 2,249 Sq Ft | Sold $456,000
433 Del Sol Ave, Davenport, FL 33837 3 Beds | 2 Baths | 2,008 Sq Ft | Sold $411,000
270 Tomelloso Way, Davenport, FL 33837 2 Beds | 2 Baths | 2,019 Sq Ft | Sold $420,000

Current principal: $293,806
Interest Rate: 2.875%
Maturity: Oct 1, 2051
Current PITI: $1,833 
HOA: $403/M

Asking: $50,000 Entree Fee
ARV: $425,000