216 Homestretch BlvdDelandFL32724
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderFor first-time U.S. investors or those diversifying conservatively, 216 Homestretch Blvd, Deland, FL, 32724 in Deland offers a clean, manageable entry. Rental yield 7.06%. DSCR 1.31 qualifies for Ziffy Mortgage's no-W2 mortgage for non-U.S. residents. Long-term: 5% annual appreciation projects $115,762 in additional property value over five years, with $3,859/yr in principal equity building ownership stake. Total projected cumulative return: $132,597.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.1% | 6.5% |
| Monthly Cash Flow | $(430) | $300 |
City averages based on Deland market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,466 |
| Total Monthly Debt Service | $2,729 |
| DSCR Ratio | 0.90x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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.
Single Family
Built in 2008
0.34 Acres lot
$N/A/sqft
$345 quarterly HOA
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
Single Family
Built in 2008
0.34 Acres lot
$N/A/sqft
$345 quarterly HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Selena Peterson • LPT Realty, LLC
Mls Name: DBAMLS
Mls Provider:
Mls ID: #1215129
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.