2329 River Ridge Rd APT 15DelandFL32720
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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 Deland at 2329 River Ridge Rd APT 15, Deland, FL, 32720 generates $2,096/mo in rent and, after a $1,272/mo payment, leaves $371/mo in cash flow. Total monthly income is $2,096/mo, and annual cash flow is $4,456/yr on $86,157 invested. Return on cash invested sits at 25.08% in year one, and rental yield is 9.68% on a $259,900 entry. Equity gained on principal adds $1,677/yr, while 5% annual appreciation builds toward $71,806 over five years. Five-year ROI reaches 131.19% and total cumulative return in cash sums $113,026. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,096/mo property income rather than buyer’s personal income.
Condo
Built in 1974
1.10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32720, Deland, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,233 (100%) |
| Owner Occupied HU | 10,078 (66.2%) |
| Renter Occupied HU | 4,027 (26.4%) |
| Vacant Housing Units | 1,128 ( 7.4%) |
| Median Home Value | $384,984 |
| Average Home Value | $417,830 |
Housing Distribution
Address Breakdown
Residential
14,114
Single Family
13,305
Multi-Family
809
Businesses
1,178
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