1224 S Peninsula Dr APT 505Daytona BeachFL32118
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 1224 S Peninsula Dr APT 505, Daytona Beach, FL, 32118 uses $76,245 cash to close to unlock $6,161/yr annual cash flow and $513/mo monthly cash flow. Total monthly income runs $2,040/mo, and a $1,126/mo payment keeps the spread at $513/mo. Purchase price stands at $230,000, and rental yield measures 10.64% with $2,040/mo rent. Return on cash invested shows 27.99% in year one, and 5% annual appreciation builds toward $63,545 over five years. Five-year ROI reaches 146.79% and total cumulative return in cash records $111,919. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,040/mo property income covering a $1,126/mo payment rather than investor’s personal income.
Condo
Built in 1963
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32118, Daytona Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,767 (100%) |
| Owner Occupied HU | 6,250 (37.3%) |
| Renter Occupied HU | 3,691 (22.0%) |
| Vacant Housing Units | 6,826 (40.7%) |
| Median Home Value | $464,885 |
| Average Home Value | $518,462 |
Housing Distribution
Address Breakdown
Residential
11,503
Single Family
5,484
Multi-Family
6,019
Businesses
754
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jeannette Gwaldis • Gaff's Realty Company
Mls Name: DBAMLS
Mls ID: #1218049