217 N Hill Ave #20DelandFL32724
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeA DSCR of 1.56 makes 217 N Hill Ave #20, Deland, FL, 32724 in Deland one of the easier properties to finance via Ziffy Mortgage's rental-income underwriting. Rental yield 8.89%. The 8.89% yield, 5% annual appreciation ($70,424 over five years), and $2,137/yr in principal reduction project a total cumulative return of $89,538.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.9% | 6.5% |
| Monthly Cash Flow | $(63) | $300 |
City averages based on Deland market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $1,889 |
| Total Monthly Debt Service | $1,912 |
| DSCR Ratio | 0.99x |
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 6.5% rate / 30-yr fixed, 25% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1971
1,091 sqft lot
$N/A/sqft
$260 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Christie Vaccaro • UNITED REAL ESTATE PREFERRED
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #V4934458
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. Some IDX listings have been excluded from this website. Listing Information presented by local MLS brokerage: Zillow, Inc - (407) 904-3511
