167 N Hill Ave #60DelandFL32724
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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 Deland at 167 N Hill Ave #60, Deland, FL, 32724 offers a 12.28% rental yield on a $170,000 purchase with $1,740/mo rent. Total monthly income registers $1,740/mo, and a $832/mo payment leaves $291/mo available for distribution. Annual cash flow reaches $3,496/yr on $56,355 to close, and return on cash invested stands at 26.11% in year one. Equity gained on principal adds $1,097/yr while 5% annual appreciation supports $46,968 over five years. Portfolio math shows five-year ROI at 139.23% and total cumulative return in cash at $78,465. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,740/mo property income against a $832/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1972
1,306 sqft lot
$N/A/sqft
$270 monthly HOA
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Listed by: Stacy Meck • Engel & Voelkers New Smyrna Beach
Mls Name: DBAMLS
Mls Provider:
Mls ID: #1214680
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