1151 Morfontaine StDaytona BeachFL32124
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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
Investment property for sale in Daytona Beach at 1151 Morfontaine St, Daytona Beach, FL, 32124 listed at $369,990 pairs $2,640/mo rent with a $1,811/mo payment to leave $185/mo cash flow. Total monthly income runs $2,640/mo, and annual cash flow reaches $2,215/yr on $122,652 cash to close. Return on cash invested measures 21.72% in year one, and rental yield registers 8.56% at a $369,990 basis. Equity gained on principal adds $2,387/yr, and annual property appreciation at 5% supports $102,221 by year five. Five-year ROI tracks 113.11% and total cumulative return in cash totals $138,734. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,640/mo property income relative to a $1,811/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in N/A
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32124, Daytona Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,679 (100%) |
| Owner Occupied HU | 5,168 (77.4%) |
| Renter Occupied HU | 370 ( 5.5%) |
| Vacant Housing Units | 1,141 (17.1%) |
| Median Home Value | $545,550 |
| Average Home Value | $550,365 |
Housing Distribution
Address Breakdown
Residential
5,671
Single Family
5,671
Multi-Family
0
Businesses
138
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Listed by: Stephen Cline • D R Horton Realty of Central Florida
Mls Name: DBAMLS
Mls ID: #1221908