124 Michigan AveDaytona BeachFL32114
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayGlobal investors willing to prioritise equity over near-term yield will find 124 Michigan Ave, Daytona Beach, FL, 32114 in Daytona Beach worth study. Rental yield 1.26%. The 1.26% gross yield is below cash-flow benchmarks at $1,200,000, but 5% annual appreciation, adding $331,538 over five years, frames this as a capital growth position. Rent of $1,260/mo partially offsets the $5,396/mo payment. Ziffy Mortgage finances appreciation-play properties (0.23 DSCR) for non-U.S. residents without domestic income documentation; a 30–35% down payment maximises coverage. Total projected return: $25,973.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 1.3% | 6.0% |
| Monthly Cash Flow | $(6,703) | $200 |
City averages based on Daytona Beach market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,260 |
| Total Monthly Debt Service | $7,486 |
| DSCR Ratio | 0.17x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1930
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32114, Daytona Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,852 (100%) |
| Owner Occupied HU | 4,501 (26.7%) |
| Renter Occupied HU | 10,215 (60.6%) |
| Vacant Housing Units | 2,136 (12.7%) |
| Median Home Value | $234,538 |
| Average Home Value | $297,654 |
Housing Distribution
Address Breakdown
Residential
14,814
Single Family
9,431
Multi-Family
5,383
Businesses
1,756
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
Single Family
Built in 1930
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32114, Daytona Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,852 (100%) |
| Owner Occupied HU | 4,501 (26.7%) |
| Renter Occupied HU | 10,215 (60.6%) |
| Vacant Housing Units | 2,136 (12.7%) |
| Median Home Value | $234,538 |
| Average Home Value | $297,654 |
Housing Distribution
Address Breakdown
Residential
14,814
Single Family
9,431
Multi-Family
5,383
Businesses
1,756
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Monique Miller • Oceans Luxury Realty Full Service LLC
Mls Name: DBAMLS
Mls ID: #1214446