1617 Hontoon RdDelandFL32720
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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 Deland at 1617 Hontoon Rd, Deland, FL, 32720 priced at $289,000 converts $2,076/mo rent into $156/mo cash flow after a $1,415/mo obligation. Total monthly income equals $2,076/mo, and annual cash flow totals $1,875/yr on $95,804 invested. Return on cash invested prints 21.87% in year one, and rental yield reads 8.62% against a $289,000 entry. Equity gained on principal adds $1,865/yr, while 5% annual appreciation compiles into $79,845 by year five. Five-year ROI reaches 113.97% and total cumulative return in cash sums $109,190. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,076/mo property income covering a $1,415/mo payment, not borrower’s personal income.
Single Family
Built in 1987
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32720, Deland, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,233 (100%) |
| Owner Occupied HU | 10,078 (66.2%) |
| Renter Occupied HU | 4,027 (26.4%) |
| Vacant Housing Units | 1,128 ( 7.4%) |
| Median Home Value | $384,984 |
| Average Home Value | $417,830 |
Housing Distribution
Address Breakdown
Residential
14,114
Single Family
13,305
Multi-Family
809
Businesses
1,178
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Listed by: Sherrie Sundstrom • Redfin Corporation
Mls Name: DBAMLS
Mls Provider:
Mls ID: #1212144
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.