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606 Birkdale St, Davenport Investment Report: Flip & Rental Analysis · Frontflip
33
Values down 7%, Rent up to $3,085
Updated today • 5 new comps
Your Investment Paths
Turnkey Rental
This property shows excellent rental potential, with estimated monthly income ranging from $2,772 to $3,051. These figures align well with neighborhood performance, positioning it as a steady income generator for an investor looking for stability. With a solid yield of 1,165, this home is a competitive option in the Davenport market. Its rental income capacity effectively balances local market trends, making it a reliable choice for your real estate portfolio.
More about this home
Neighborhood Assessment
Highlands Reserve in Davenport is a quiet, well-kept golf community. You're pretty close to major highways, shopping centers, grocery stores, and plenty of restaurants, so convenience is a definite plus. A bunch of homes in the area are currently renting between $2.2K and $3.1K, making it a competitive market for larger houses like this one. Walkability isn’t amazing—most errands require a car, and the nearest school (Citrus Ridge) is only about a mile away but rated a 2/10. The area’s really popular with families and long-term renters who want space and a pool, but folks should know fire and wind risks are above average, so insurance is a factor.
Market Activity
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Rental Income
$35K
Yield
1164.6%
Year 1 Estimates
Fix-and-Flip
Modernizing a home offers significant lifestyle benefits, even when current market trends show a modest price per square foot difference. Updated spaces currently trade at roughly $189 per square foot, compared to the $191 neighborhood baseline. Choosing key renovations creates a fresh, inviting atmosphere that captures buyer interest. With rent potential reaching $3,339, these improvements help properties stand out, ensuring your home remains a top choice for quality tenants or future buyers.
Comps
6
Buy-Rehab-Rent
This property shows solid potential for the BRRRR strategy. With a post-renovation value estimated between $416,000 and $460,000, investors can stabilize the asset effectively. The rental market is strong, supporting monthly income of approximately $3,085. An estimated annual yield of 8.45% offers a stable return profile for this 2,313-square-foot home. Given the competitive rental demand, this investment provides a practical path to long-term equity growth and consistent cash flow generation.
Rental Income
$37K
Yield
8.5%
Year 1 Estimates, Post Typical Renovation
Estimated value
$3K
$384.5K below comp median
Comparative Market Analysis
$316K – $565K
~28 days to sell
Based on 8 comps