167 N Hill Ave #60DelandFL32724
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowSolid, durable, and financeable, 167 N Hill Ave #60, Deland, FL, 32724 in Deland earns a 12.28% gross yield at $170,000. Rent of $1,740/mo nets $291/mo after the $764/mo mortgage. The 2.28 DSCR signals clean DSCR underwriting through Ziffy Mortgage, with no personal income verification required. Five-year value growth of $46,968 and $1,566/yr in equity accumulation project a total cumulative return of $84,996.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 12.3% | 6.5% |
| Monthly Cash Flow | $291 | $300 |
City averages based on Deland market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,740 |
| Total Monthly Debt Service | $1,381 |
| DSCR Ratio | 1.26x |
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.
Condo
Built in 1972
1,306 sqft lot
$N/A/sqft
$270 monthly HOA
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
Condo
Built in 1972
1,306 sqft lot
$N/A/sqft
$270 monthly HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Stacy Meck • Engel & Voelkers New Smyrna Beach
Mls Name: DBAMLS
Mls Provider:
Mls ID: #1214680
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