2016 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
Investment property for sale in Port Orange at 2016 Cornell Pl, Port Orange, FL, 32128 offers a 9.47% rental yield on a $294,900 purchase with $2,328/mo rent. Total monthly income registers $2,328/mo, and a $1,443/mo payment leaves $371/mo available for distribution. Annual cash flow reaches $4,457/yr on $97,759 to close, and return on cash invested stands at 24.47% in year one. Equity gained on principal adds $1,903/yr while 5% annual appreciation supports $81,475 over five years. Portfolio math shows five-year ROI at 127.89% and total cumulative return in cash at $125,023. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,328/mo property income against a $1,443/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1996
N/A lot
$N/A/sqft
No 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: Tyler Renick • Realty Pros Assured
Mls Name: DBAMLS
Mls ID: #1216076