2200 S Palmetto Ave #E050South DaytonaFL32119
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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 South Daytona at 2200 S Palmetto Ave #E050, South Daytona, FL, 32119 uses $49,394 cash to close to unlock $1,962/yr annual cash flow and $163/mo monthly cash flow. Total monthly income runs $1,152/mo, and a $729/mo payment keeps the spread at $163/mo. Purchase price stands at $149,000, and rental yield measures 9.28% with $1,152/mo rent. Return on cash invested shows 23.88% in year one, and 5% annual appreciation builds toward $41,166 over five years. Five-year ROI reaches 124.76% and total cumulative return in cash records $61,624. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,152/mo property income covering a $729/mo payment rather than investor’s personal income.
Townhouse
Built in 1975
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32119, Daytona Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,734 (100%) |
| Owner Occupied HU | 7,040 (55.3%) |
| Renter Occupied HU | 4,147 (32.6%) |
| Vacant Housing Units | 1,547 (12.1%) |
| Median Home Value | $291,027 |
| Average Home Value | $316,171 |
Housing Distribution
Address Breakdown
Residential
11,866
Single Family
7,494
Multi-Family
4,372
Businesses
739
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