133 Formby Grande AveDaytona 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
Investment property for sale in Daytona Beach at 133 Formby Grande Ave, Daytona Beach, FL, 32124 with 5% annual appreciation on a $400,000 basis while $3,497/mo rent supports operations. Total monthly income totals $3,497/mo and a $1,958/mo payment preserves $842/mo for cash returns. Annual cash flow comes to $10,108/yr on $132,600 deployed, and return on cash invested reaches 27.53% in year one. Equity gained on principal adds $2,581/yr, and five-year appreciation sums $110,513 alongside rental yield of 10.49%. Five-year ROI measures 144.32% and total cumulative return in cash totals $191,368.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,497/mo property income versus a $1,958/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2007
8,712 sqft lot
$N/A/sqft
No 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: O. Kheir • RE/MAX Signature
Mls Name: DBAMLS
Mls ID: #1219261