203 N Oleander AveDaytona BeachFL32118
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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 203 N Oleander Ave, Daytona Beach, FL, 32118 offers $2,230/mo rent that, after a $2,029/mo payment. Total monthly income is $2,230/mo. Return on cash invested measures 14.1% in year one, and rental yield stands at 6.46% at a $414,500 entry. Equity gained on principal adds $2,675/yr while 5% annual appreciation compounds into $114,519 by year five. Five-year ROI records 72.77% and total cumulative return in cash reaches $99,992. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,230/mo property income versus a $2,029/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 1940
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32118, Daytona Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,767 (100%) |
| Owner Occupied HU | 6,250 (37.3%) |
| Renter Occupied HU | 3,691 (22.0%) |
| Vacant Housing Units | 6,826 (40.7%) |
| Median Home Value | $464,885 |
| Average Home Value | $518,462 |
Housing Distribution
Address Breakdown
Residential
11,503
Single Family
5,484
Multi-Family
6,019
Businesses
754
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Listed by: Carlos Ring • Oceans Luxury Realty Full Service LLC
Mls Name: DBAMLS
Mls Provider:
Mls ID: #1207234
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.