231 Riverside Dr UNIT 1602Holly HillFL32117
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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 Holly Hill at 231 Riverside Dr UNIT 1602, Holly Hill, FL, 32117 earns $267/mo cash flow from $3,917/mo rent with a $2,692/mo payment. Total monthly income totals $3,917/mo, and annual cash flow totals $3,205/yr on $180,950 capital. ROI tracks 21.83% on current figures, and rental yield reads 8.55% at a $550,000 purchase. Equity gained on principal adds $3,549/yr, and 5% annual appreciation supports $151,955 over five years. Five-year ROI reaches 113.73% and total cumulative return in cash sums $205,798. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,917/mo property income instead of your personal income.
Condo
Built in 2007
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32117, Daytona Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,125 (100%) |
| Owner Occupied HU | 7,002 (43.4%) |
| Renter Occupied HU | 7,169 (44.5%) |
| Vacant Housing Units | 1,954 (12.1%) |
| Median Home Value | $205,882 |
| Average Home Value | $265,961 |
Housing Distribution
Address Breakdown
Residential
15,033
Single Family
10,959
Multi-Family
4,074
Businesses
1,541
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Listed by: David Lieb • RE/MAX Signature
Mls Name: DBAMLS
Mls ID: #1219502