145 N Halifax Ave APT 704Daytona BeachFL32118
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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 145 N Halifax Ave APT 704, Daytona Beach, FL, 32118 priced at $248,500 converts $1,822/mo rent into after a $1,216/mo obligation. Total monthly income equals $1,822/mo. Return on cash invested prints 12.38% in year one, and rental yield reads 8.8% against a $248,500 entry. Equity gained on principal adds $1,604/yr, while 5% annual appreciation compiles into $68,656 by year five. Five-year ROI reaches 66.75% and total cumulative return in cash sums $54,991. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,822/mo property income covering a $1,216/mo payment, not borrower’s personal income.
Condo
Built in 1974
N/A lot
$N/A/sqft
$690 monthly 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
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Listed by: Tricia Morris • KELLER WILLIAMS RLTY FL. PARTN
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #V4944984
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. Some IDX listings have been excluded from this website. Listing Information presented by local MLS brokerage: Zillow, Inc - (407) 904-3511