117 N Garfield Ave APT 16DelandFL32724
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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 Deland at 117 N Garfield Ave APT 16, Deland, FL, 32724 offers a 7.59% rental yield on a $289,000 purchase with $1,828/mo rent. 56% in year one. Equity gained on principal adds $1,865/yr while 5% annual appreciation supports $79,845 over five years. Portfolio math shows five-year ROI at 66.31% and total cumulative return in cash at $63,530. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,828/mo property income against a $1,415/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1973
N/A lot
$N/A/sqft
$496 monthly HOA
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Listed by: Mary Ann Brawner • ERA Grizzard Real Estate
Mls Name: DBAMLS
Mls Provider:
Mls ID: #1212403
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