1121 Magnolia AveDaytona BeachFL32114
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Daytona Beach at 1121 Magnolia Ave, Daytona Beach, FL, 32114 priced at $295,000 converts $2,530/mo rent into $572/mo cash flow after a $1,444/mo obligation. Total monthly income equals $2,530/mo, and annual cash flow totals $6,867/yr on $97,793 invested. Return on cash invested prints 26.93% in year one, and rental yield reads 10.29% against a $295,000 entry. Equity gained on principal adds $1,904/yr, while 5% annual appreciation compiles into $81,503 by year five. Five-year ROI reaches 141.12% and total cumulative return in cash sums $138,002. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,530/mo property income covering a $1,444/mo payment, not borrower’s personal income.
Single Family
Built in 1949
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32114, Daytona Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,852 (100%) |
| Owner Occupied HU | 4,501 (26.7%) |
| Renter Occupied HU | 10,215 (60.6%) |
| Vacant Housing Units | 2,136 (12.7%) |
| Median Home Value | $234,538 |
| Average Home Value | $297,654 |
Housing Distribution
Address Breakdown
Residential
14,814
Single Family
9,431
Multi-Family
5,383
Businesses
1,756
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Listed by: Timothy Harper • Redfin Corporation
Mls Name: DBAMLS
Mls Provider:
Mls ID: #1212859
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.