183 Hang Loose WayDaytona BeachFL32124
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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 183 Hang Loose Way, Daytona Beach, FL, 32124 priced at $399,900 converts $2,921/mo rent into after a $1,957/mo obligation. Total monthly income equals $2,921/mo. Return on cash invested prints 19.32% in year one, and rental yield reads 8.77% against a $399,900 entry. Equity gained on principal adds $2,580/yr, while 5% annual appreciation compiles into $110,485 by year five. Five-year ROI reaches 101.35% and total cumulative return in cash sums $134,360. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,921/mo property income covering a $1,957/mo payment, not borrower’s personal income.
Single Family
Built in 2024
3,920 sqft lot
$N/A/sqft
$333 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32124, Daytona Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,679 (100%) |
| Owner Occupied HU | 5,168 (77.4%) |
| Renter Occupied HU | 370 ( 5.5%) |
| Vacant Housing Units | 1,141 (17.1%) |
| Median Home Value | $545,550 |
| Average Home Value | $550,365 |
Housing Distribution
Address Breakdown
Residential
5,671
Single Family
5,671
Multi-Family
0
Businesses
138
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Listed by: Kelley Sarantis • Bob Hodges and Sons Realty
Mls Name: DBAMLS
Mls Provider:
Mls ID: #1200053
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.