231 Riverside Dr UNIT 1804Daytona 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 1804, Daytona Beach, FL, 32117 listed at $287,900 pairs $2,437/mo rent with a $1,409/mo payment to leave $527/mo cash flow. Total monthly income runs $2,437/mo, and annual cash flow reaches $6,319/yr on $95,439 cash to close. Return on cash invested measures 26.53% in year one, and rental yield registers 10.16% at a $287,900 basis. Equity gained on principal adds $1,858/yr, and annual property appreciation at 5% supports $79,541 by year five. Five-year ROI tracks 138.95% and total cumulative return in cash totals $132,617. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,437/mo property income relative to a $1,409/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
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: N/A • N/A
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