231 Riverside Dr UNIT 1604Daytona BeachFL32117
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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 Daytona Beach at 231 Riverside Dr UNIT 1604, Daytona Beach, FL, 32117 uses $99,119 cash to close to unlock $507/yr annual cash flow and $42/mo monthly cash flow. Total monthly income runs $3,070/mo, and a $1,463/mo payment keeps the spread at $42/mo. Purchase price stands at $299,000, and rental yield measures 12.32% with $3,070/mo rent. Return on cash invested shows 20.42% in year one, and 5% annual appreciation builds toward $82,608 over five years. Five-year ROI reaches 110.79% and total cumulative return in cash records $109,810. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,070/mo property income covering a $1,463/mo payment rather than investor’s personal income.
Condo
Built in 2007
N/A lot
$N/A/sqft
$1,044 monthly 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: Deena Adelson • Coldwell Banker Premier Properties
Mls Name: DBAMLS
Mls Provider:
Mls ID: #1214531
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.