LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$2,009
Monthly Cash Flow
-$363
Principal + Equity
$2,309
Annual Total Gain
$23,347
Cash on Cash
-5.01%
Net ROI %
Market Grades and Information
Best Places to Live Ranking
Public school quality, cost of living, commute, and lifestyle ratings.
C
Overall
Top-level market grade
Best Places to Retire in Florida
#533out of 660 markets
Most Diverse Places to Live in Florida
#184out of 1195 markets
C-
Public School
B
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in Davenport, FL.
In Davenport, FL, Short Term Rental (STR) regulations are primarily governed by the city's zoning ordinances and homeowner associations (HOAs). Here are some key regulations and considerations that an investor should be aware of before investing in purchasing a property for Short Term Rental in Davenport:
1. Zoning Regulations: Davenport has specific zoning regulations that dictate where Short Term Rentals are allowed to operate. Investors should check the zoning laws in the specific area where they are considering purchasing a property to ensure that Short Term Rentals are permitted.
2. Licensing and Permits: In Davenport, Short Term Rental operators are required to obtain a business tax receipt and a Short Term Rental license from the city. Investors should familiarize themselves with the licensing requirements and ensure that they comply with all necessary permits.
3. Occupancy Limits: Davenport may have occupancy limits for Short Term Rentals, which dictate the maximum number of guests allowed to stay in a property at any given time. Investors should be aware of these limits and ensure that their property complies with them.
4. Noise and Nuisance Regulations: Davenport may have noise and nuisance regulations that Short Term Rental operators must adhere to. Investors should be mindful of these regulations and take steps to ensure that their guests are respectful of neighbors and local ordinances.
5. HOA Restrictions: Many neighborhoods in Davenport are governed by HOAs, which may have their own rules and regulations regarding Short Term Rentals. Investors should review the HOA guidelines and restrictions before purchasing a property in a community with an HOA.
6. Taxation: Short Term Rental income is subject to taxation in Davenport. Investors should be aware of their tax obligations and ensure that they comply with all local tax laws.
Overall, investors should thoroughly research and understand the Short Term Rental regulations in Davenport before purchasing a property for this purpose. By being informed and proactive, investors can avoid potential legal issues and ensure a successful investment in the Short Term Rental market in Davenport, FL.
Market Trends Over Time
Explore 25 years of market data for Davenport, FL, including median property prices, long-term rental rates, and days on market — identify growth potential and gauge market stability.
Median Price
Median Rent
Days on Market
Nearest Markets
Explore nearby investment markets close to Davenport, FL.
The LTR Genie Score of Davenport, FL is 72 and STR Genie Score is 72, indicating a high level of attractiveness for both long-term and short-term rental investments. The high scores are likely due to the positive LTR Rentability, strong LTR Net ROI, and promising 1-Year Price Appreciation Forecast. Additionally, the STR Net ROI and occupancy rate of 60.0% suggest a healthy demand for short-term rentals in the area.
Davenport, FL is a growing city located in Central Florida, known for its proximity to major attractions such as Walt Disney World and Universal Studios. The area has seen steady population growth and offers a mix of residential neighborhoods and vacation rental communities, making it an appealing market for real estate investors.
Based on the metrics provided, Davenport, FL appears to be a favorable market for both long-term and short-term rental investments. Investors may consider diversifying their portfolio by exploring opportunities in both rental strategies to maximize returns in this growing market. Additionally, the positive LTR Rent Growth Rate and STR Revenue indicate potential for consistent income growth in the future.
LTR Genie Score 93
$99,999
🛏 3 Beds🛁 2.0000 Baths🏙 1,980 sqft.🏠 SINGLE FAMILY