118 Pitching Wedge DrDaytona 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
Rental property for sale in Daytona Beach at 118 Pitching Wedge Dr, Daytona Beach, FL, 32124 priced at $439,900 converts $3,282/mo rent into $307/mo cash flow after a $2,153/mo obligation. Total monthly income equals $3,282/mo, and annual cash flow totals $3,679/yr on $145,827 invested. Return on cash invested prints 22.43% in year one, and rental yield reads 8.95% against a $439,900 entry. Equity gained on principal adds $2,839/yr, while 5% annual appreciation compiles into $121,536 by year five. Five-year ROI reaches 117.13% and total cumulative return in cash sums $170,811. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,282/mo property income covering a $2,153/mo payment, not borrower’s personal income.
Single Family
Built in 2023
4,791 sqft lot
$N/A/sqft
$675 annually 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: Patricia McKinley • Realty Pros Assured
Mls Name: DBAMLS
Mls Provider:
Mls ID: #1207303
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.