Prime Airbnb Investment Opportunity in Davenport, FL

2007 Lelani Cir Davenport, FL 33897

$959,000 | 10 Bedrooms | 8 Bathrooms | 6.4% Cap Rate

‍I'm Interested in this Property

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Listing: Awning - Redfin - Zillow

Airbnb Estimator: Awning

Market Data: Airbnb Market Data

Listing: Airbnb

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Dive into the thrilling world of Airbnb real estate investment with a gem in the heart of Florida. This 10-bedroom, 8-bathroom home in Davenport offers a unique opportunity for investors looking to tap into the thriving vacation rental market. Boasting modern amenities, close proximity to top attractions like Walt Disney World, and located in the newest vacation community, this property is a gateway to stable and substantial returns. The convenience of a fully furnished setup, alongside a minimal additional budget for furnishing and renovation, makes it an unbeatable investment proposition. Let's explore the exquisite details of this property that make it a treasure trove for Airbnb investors.

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Investing in this featured listing at 2007 Lelani Cir, Davenport, FL is an opportunity not to be missed for Airbnb investors. Offering excellent cap rates and a promising 10-year return, this property's desirable location, comprehensive amenities, and extensive interior features significantly enhance its Airbnb revenue potential. It's a great investment if you're targeting large groups or families seeking a luxurious stay near Florida's major attractions. Indeed, this house stands as a testament to the power of quality real estate investment in securing stable cash flows, impressive equity accumulation, and high returns on investment in the thriving vacation rental market. Make the most of this opportunity and step into a world of lucrative real estate investment!

The Airbnb Investment Financials

How much does the home cost?

$959,000  

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How much will it earn on Airbnb?

$11,700 per month

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How much will it cost to furnish it?

It comes fully furnished, ready for you to start your Florida adventure or investment journey, with a budget of $5,000 for you to add personal touches or replace furnishings as needed.

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How much will it cost to renovate?

Renovations are key to maximizing the property's potential, and an estimated cost of $5,000 has been allocated for additional repairs and improvements. Rest assured that these enhancements will not only elevate the house's aesthetic but also ensure it is rent-ready, making it an ideal investment opportunity.

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How much cash can you take home in the first year?

The projected cash flow for the first year of owning the property at 2007 Lelani Cir is estimated to be $9,345. This amount represents the net income generated after deducting operating expenses from the operating income. It's important to note that this is a projection and may vary based on factors such as occupancy rates, rental prices, and expenses. Additionally, individual circumstances and market conditions can impact the actual cash flow. It is advisable to consult with a real estate professional or financial advisor for a more accurate assessment of potential cash flow.

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What is the cap rate for this property?

The estimated cap rate is 6.4%.

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All of the cap rates and returns for this property are estimates and are not intended as a guarantee of income or returns. Every investment has risks. It's important to discuss any investment, returns, regulations, laws and projections with a financial advisor, attorney or another fiduciary.

Davenport Short-Term Rental Regulations

What are the short-term rental laws and regulations in Davenport, Florida?

Davenport, Florida has specific laws and regulations regarding short-term rentals. According to the information found, a short-term vacation rental in Davenport is defined by Florida law as a property that is rented for more than three times a year, for less than thirty days at a time. This means that property owners in Davenport are permitted to rent out their properties for durations ranging from one day to one year, depending on the specific location within the city.

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Short-term rental rules in Florida are primarily established at the state level, with general laws that apply statewide. However, it's important to note that local governments may have their own regulations for short-term rentals. These local regulations can vary, so it is advisable to consult the relevant local government authorities in Davenport to determine any additional rules or restrictions that may be in place.

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It is also crucial to stay informed about any changes in short-term rental regulations in Florida, as laws in this area can change regularly and significantly. Property managers and owners are encouraged to remain vigilant and updated on any new rental regulations that may arise in the state.

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In summary, Davenport, Florida allows short-term rentals that adhere to the state's definition. However, it is important to familiarize yourself with any additional regulations imposed by local government authorities and to stay informed about changes in short-term rental laws in Florida to ensure compliance with the current regulations.

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Is there a moratorium in short-term rentals in Davenport, Florida?

There is no explicit information available regarding the presence of a moratorium on short-term rentals in Davenport, Florida. There is currently no specific information available regarding the presence of a moratorium on short-term rentals in Davenport, Florida. To obtain accurate and up-to-date information on short-term rental regulations and potential moratoriums in Davenport, it is advisable to consult the official website of the city or contact the local government authorities directly. They will have the most current information and can provide authoritative guidance on any regulations or restrictions related to short-term rentals in the area.

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Why Airbnb Guests Stay In Davenport, Florida

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Where is Davenport, Florida?

Davenport is a city located in Polk County, Florida, United States. It is situated in the central part of the state, approximately 35 miles (56 kilometers) southwest of Orlando. Davenport is known for its proximity to popular attractions like Walt Disney World Resort, Universal Orlando Resort, and LEGOLAND Florida Resort, making it a popular destination for tourists visiting the area.

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What is there to do in Davenport, Florida?

• Theme Parks: Davenport is located near major theme parks like Walt Disney World Resort, Universal Orlando Resort, and LEGOLAND Florida Resort. These parks offer thrilling rides, live entertainment, and magical experiences for all ages.
• Golfing: Davenport is home to numerous golf courses that cater to golf enthusiasts. ChampionsGate Golf Resort, Providence Golf Club, and Ridgewood Lakes Golf and Country Club are a few notable options.
• Outdoor Recreation: The city is surrounded by beautiful natural areas where you can enjoy outdoor activities. Lake Kissimmee State Park, Lake Louisa State Park, and Hilochee Wildlife Management Area offer opportunities for hiking, fishing, boating, and wildlife spotting.
• Water Parks: Beat the Florida heat by visiting nearby water parks. Disney's Blizzard Beach Water Park and Disney's Typhoon Lagoon Water Park are popular choices for water-based fun.
• Shopping: Davenport is located close to various shopping outlets and malls. Posner Park, Orlando Vineland Premium Outlets, and The Mall at Millenia are great places to find deals and shop for a wide range of products.
• Dining and Entertainment: Davenport offers a variety of dining options, ranging from casual eateries to upscale restaurants. Additionally, there are entertainment venues that host live music, comedy shows, and other performances.
• Wildlife and Nature Tours: Explore the local wildlife and ecosystems through guided tours and airboat rides available in the surrounding areas. These tours provide opportunities to see alligators, birds, and other wildlife in their natural habitats.

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What kinds of people travel to Davenport, Florida?

• Families: Davenport is a popular destination for families due to its proximity to major theme parks like Walt Disney World Resort and Universal Orlando Resort. Many families choose to stay in Davenport as it offers a more relaxed and affordable accommodation option compared to staying within the theme park resorts.
• Theme Park Enthusiasts: Davenport attracts individuals and groups who specifically visit the area to experience the world-renowned theme parks in Orlando. These enthusiasts often stay in Davenport as a convenient base for their theme park adventures.
• Golfers: Davenport is home to several golf courses, making it a desirable location for golf enthusiasts. Golfers from around the world travel to Davenport to enjoy the challenging courses and pleasant weather.
• Snowbirds: Davenport and the broader Central Florida region are popular destinations for "snowbirds" - people, typically retirees, who migrate from colder climates during the winter months. These individuals seek warm weather and a variety of recreational activities, including golfing and outdoor pursuits.
• Sports Teams: Davenport attracts sports teams, both amateur and professional, for training camps and tournaments. The area offers excellent sports facilities and favorable weather conditions, making it an ideal location for pre-season preparation or sports events.
• Business Travelers: Davenport's proximity to Orlando and its excellent transportation connections make it an appealing option for business travelers attending conferences, trade shows, or meetings in the Orlando area.
• International Visitors: Davenport welcomes a significant number of international visitors who come to experience the renowned attractions of Orlando and explore the diverse offerings of Central Florida.

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When are the busiest and slowest seasons for tourism in Davenport, Florida?

Davenport, Florida experiences varying levels of tourism throughout the year, with certain seasons being busier than others. The busiest seasons for tourism in Davenport are summer, spring break, and the holiday season. The summer months of June, July, and August see a high influx of visitors as families take advantage of the warm weather and longer days to visit the nearby theme parks and enjoy outdoor activities. During spring break in March and April, both families and college students plan trips to the area, contributing to increased visitor numbers. The holiday season, including Thanksgiving, Christmas, and New Year, as well as the winter break from December through early January, attract a significant influx of tourists to Davenport who come to enjoy the festive atmosphere and visit the theme parks.

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On the other hand, the slower seasons for tourism in Davenport are fall and the non-holiday winter months. September and October tend to be quieter months as schools resume and the summer vacation period ends. During these months, visitor numbers decrease compared to the peak summer season. Similarly, January and February, excluding the holiday season and winter break, are relatively quieter months for tourism. The weather is still pleasant, but visitor numbers are not as high as during the summer months.

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How far is Davenport, Florida from the nearest airport?

The nearest airport to Davenport, Florida is Orlando International Airport (MCO), which is approximately 32 miles (51 kilometers) northeast of Davenport. The driving distance between Davenport and Orlando International Airport is typically around 40-45 minutes, depending on traffic conditions and the specific location within Davenport you are departing from. It's important to consider that travel times may vary, so it's advisable to allow for additional time during peak travel periods or for unforeseen delays.

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Are there any major events in Davenport, Florida?

• Epcot International Food & Wine Festival: Held annually at the Epcot theme park in Walt Disney World Resort, this popular event showcases culinary delights from around the world. It usually takes place from late summer to early fall, featuring food tastings, cooking demonstrations, live entertainment, and more.
• Orlando Fringe Festival: As one of the largest and longest-running fringe theater festivals in the United States, the Orlando Fringe Festival offers a diverse range of performances, including theater, dance, music, and visual arts. The festival takes place in May at Loch Haven Park in Orlando.
• Florida Film Festival: Presented by the Enzian Theater in Maitland (near Orlando), the Florida Film Festival is an acclaimed annual event showcasing independent films from Florida, the United States, and around the world. The festival features screenings, special events, and filmmaker forums, usually held in April.
• Orlando International Dragon Boat Festival: This exciting event takes place in Downtown Orlando at the end of October. Teams compete in dragon boat races, and spectators can enjoy cultural performances, food vendors, and family-friendly activities.
• Orlando Pride: Orlando's LGBTQ+ community and its allies come together in October for the Orlando Pride celebration, which includes a Pride parade, live entertainment, a marketplace, and various activities promoting inclusivity and equality.

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What Airbnb amenities do guests expect and pay a premium for in Davenport, Florida?

• Private Pool: Davenport's warm climate and proximity to attractions make a private pool a highly sought-after amenity. Guests often prefer accommodations with a private pool to relax, cool off, and enjoy outdoor leisure time.
• Proximity to Theme Parks: Davenport's proximity to popular theme parks like Walt Disney World Resort and Universal Orlando Resort is a major draw for visitors. Airbnb listings located near these attractions can command higher prices due to their convenience and accessibility.
• Fully Equipped Kitchen: Many guests appreciate the convenience and cost-saving potential of having a fully equipped kitchen in their Airbnb accommodation. This allows them to prepare their own meals, snacks, and beverages during their stay.
• Game Rooms and Entertainment: Airbnb properties that offer game rooms, home theaters, or other forms of entertainment like foosball, pool tables, or video game consoles can attract guests seeking additional recreational options and a fun-filled experience.
• Outdoor Living Spaces: Florida's pleasant weather encourages outdoor living, so accommodations with attractive outdoor spaces like patios, balconies, or screened-in lanais are often valued by guests who want to enjoy the sunshine and fresh air.
• Pet-Friendly Accommodations: Travelers with pets appreciate finding pet-friendly Airbnb listings in Davenport, allowing them to bring their furry companions along for the trip. These listings may charge additional fees for accommodating pets.
• High-Speed Internet and Smart TVs: In an increasingly connected world, guests often expect reliable high-speed internet access and amenities such as smart TVs with streaming capabilities for entertainment purposes.
• Fitness Facilities: Some guests prefer accommodations that offer fitness facilities like private gyms, access to community fitness centers, or even private workout equipment to maintain their exercise routines while away from home.

From Listing to Airbnb

1. Place an offer on this property: If you have a local real estate agent forward them this email and let them know you are interested in the property. If you want help finding the best representation, simply reply to this email and request an agent. Awning will get in touch with it’s network of agents. It’s best to be qualified for a mortgage, here is a list of lenders that work with Airbnb investors.
2. Close on the property: Closing on this property should be simple. An agent will help you review the contract and confirm that everything in the inspection report makes this a good deal.
3. Renovate and furnish the property: This property is easy to renovate and furnish. Then you’ll need some items, which you can find in this Airbnb Host Checklist.
4. Gather necessary documents and permission: You’ll want to consult Florida Short Term Rental Laws. In most cases, you won’t require an attorney as the paperwork process is straightforward.
5. List the property on Airbnb: To list your property on Airbnb you’ll need a description, title and professional photography.
6. Manage the Airbnb: If you choose to self-manage the Airbnb you should not have much trouble finding reliable cleaners in the area.

Awning Management: If you choose to use Awning Property Management we can take care of gathering documents and list the property for you. You can learn more about Awning Property Management or reach our team by responding to this email.