118 Coral WayPort OrangeFL32127
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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 Port Orange at 118 Coral Way, Port Orange, FL, 32127 priced at $1,599,999 converts $4,055/mo rent into after a $7,831/mo obligation. Total monthly income equals $4,055/mo. Return on cash invested prints 5.18% in year one, and rental yield reads 3.04% against a $1,599,999 entry. Equity gained on principal adds $10,325/yr, while 5% annual appreciation compiles into $442,050 by year five. Five-year ROI reaches 24.35% and total cumulative return in cash sums $126,255. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,055/mo property income covering a $7,831/mo payment, not borrower’s personal income.
Single Family
Built in 1963
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32127, Daytona Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,242 (100%) |
| Owner Occupied HU | 10,812 (66.6%) |
| Renter Occupied HU | 2,635 (16.2%) |
| Vacant Housing Units | 2,795 (17.2%) |
| Median Home Value | $378,337 |
| Average Home Value | $408,009 |
Housing Distribution
Address Breakdown
Residential
15,714
Single Family
11,907
Multi-Family
3,807
Businesses
874
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Listed by: Lyndsey Diane Neel • Real Estate Direct of Florida
Mls Name: Space Coast AOR
Mls ID: #1065301