2302 Incandescent WaySouth DaytonaFL32119
Nearby investment properties with comparable rents
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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 South Daytona at 2302 Incandescent Way, South Daytona, FL, 32119 offers $1,679/mo rent that, after a $1,224/mo payment. Total monthly income is $1,679/mo. Return on cash invested measures 17.3% in year one, and rental yield stands at 8.06% at a $249,990 entry. Equity gained on principal adds $1,613/yr while 5% annual appreciation compounds into $69,068 by year five. Five-year ROI records 90.51% and total cumulative return in cash reaches $75,007. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,679/mo property income versus a $1,224/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Townhouse
Built in 2025
1,776 sqft lot
$N/A/sqft
$200 monthly 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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Listed by: Bill Maltbie • MALTBIE REALTY GROUP
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #W7871653
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