1380 Flomich StDaytona BeachFL32117
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowStrong cash flow defines 1380 Flomich St, Daytona Beach, FL, 32117 in Daytona Beach: $4,796/mo in rent, $2,278/mo net, 15.17% gross yield, all on a $379,500 acquisition. The 2.81 coverage ratio comfortably clears Ziffy Mortgage's threshold, enabling foreign-national buyers to close without U.S. credit documentation. Over five years, 5% appreciation adds $104,849 in value, and $3,495/yr in principal paydown steadily builds equity. Projected total cumulative return: $291,286.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 15.2% | 6.0% |
| Monthly Cash Flow | $2,278 | $200 |
City averages based on Daytona Beach market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,796 |
| Total Monthly Debt Service | $2,367 |
| DSCR Ratio | 2.03x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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 1965
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32117, Daytona Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,125 (100%) |
| Owner Occupied HU | 7,002 (43.4%) |
| Renter Occupied HU | 7,169 (44.5%) |
| Vacant Housing Units | 1,954 (12.1%) |
| Median Home Value | $205,882 |
| Average Home Value | $265,961 |
Housing Distribution
Address Breakdown
Residential
15,033
Single Family
10,959
Multi-Family
4,074
Businesses
1,541
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 1965
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32117, Daytona Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,125 (100%) |
| Owner Occupied HU | 7,002 (43.4%) |
| Renter Occupied HU | 7,169 (44.5%) |
| Vacant Housing Units | 1,954 (12.1%) |
| Median Home Value | $205,882 |
| Average Home Value | $265,961 |
Housing Distribution
Address Breakdown
Residential
15,033
Single Family
10,959
Multi-Family
4,074
Businesses
1,541
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices