231 Riverside Dr UNIT 2209Daytona 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 2209, Daytona Beach, FL, 32117 offers a 10.04% rental yield on a $450,000 purchase with $3,766/mo rent. Total monthly income registers $3,766/mo, and a $2,203/mo payment leaves $779/mo available for distribution. Annual cash flow reaches $9,351/yr on $149,175 to close, and return on cash invested stands at 26.18% in year one. Equity gained on principal adds $2,904/yr while 5% annual appreciation supports $124,327 over five years. Portfolio math shows five-year ROI at 137.06% and total cumulative return in cash at $204,462. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,766/mo property income against a $2,203/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2007
2 Acres 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: #1220541