2003 Cornell PlPort OrangeFL32128
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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 Port Orange at 2003 Cornell Pl, Port Orange, FL, 32128 priced at $285,000 converts $2,316/mo rent into after a $1,395/mo obligation. Total monthly income equals $2,316/mo. Return on cash invested prints 15.53% in year one, and rental yield reads 9.75% against a $285,000 entry. Equity gained on principal adds $1,839/yr, while 5% annual appreciation compiles into $78,740 by year five. Five-year ROI reaches 83.53% and total cumulative return in cash sums $78,918. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,316/mo property income covering a $1,395/mo payment, not borrower’s personal income.
Condo
Built in 1987
N/A lot
$N/A/sqft
$8,030 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32128, Daytona Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,467 (100%) |
| Owner Occupied HU | 7,729 (73.8%) |
| Renter Occupied HU | 1,896 (18.1%) |
| Vacant Housing Units | 842 ( 8.0%) |
| Median Home Value | $445,769 |
| Average Home Value | $491,655 |
Housing Distribution
Address Breakdown
Residential
10,338
Single Family
8,903
Multi-Family
1,435
Businesses
299
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Listed by: Gabriele Sessions • Realty Pros Assured
Mls Name: DBAMLS
Mls Provider:
Mls ID: #1209177
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.