1598 3RD StreetDaytona BeachFL32117
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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 1598 3RD Street, Daytona Beach, FL, 32117 offers a 8.18% rental yield on a $224,900 purchase with $1,533/mo rent. Total monthly income registers $1,533/mo, and a $1,101/mo payment leaves $40/mo available for distribution. Annual cash flow reaches $484/yr on $74,554 to close, and return on cash invested stands at 20.56% in year one. Equity gained on principal adds $1,451/yr while 5% annual appreciation supports $62,136 over five years. Portfolio math shows five-year ROI at 106.96% and total cumulative return in cash at $79,741. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,533/mo property income against a $1,101/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1963
8,712 sqft 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
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Listed by: CLARISSA SWARTZLANDER • RE/MAX SIGNATURE
Mls Name: realMLS
Mls ID: #2117215