2016 Cornell PlPort OrangeFL32128
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeWhen a property's DSCR clears 1.5x, lenders and investors both pay attention. 2016 Cornell Pl, Port Orange, FL, 32128 in Port Orange achieves a 1.76 ratio at $294,900: $2,328/mo rent versus $1,326/mo debt service. Rental yield 8.62%. Ziffy Mortgage's no-W2 DSCR loan is purpose-built for assets like this. The 8.62% yield compounds alongside 5% annual appreciation projecting $81,475 in value. Total projected cumulative return: $136,293.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.6% | 6.5% |
| Monthly Cash Flow | $(654) | $200 |
City averages based on Port Orange market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,328 |
| Total Monthly Debt Service | $1,840 |
| DSCR Ratio | 1.27x |
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 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
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 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tyler Renick • Realty Pros Assured
Mls Name: DBAMLS
Mls ID: #1216076