241 Riverside Dr UNIT 2603Holly 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 241 Riverside Dr UNIT 2603, Holly Hill, FL, 32117 uses $165,419 cash to close to unlock $71/yr annual cash flow and $6/mo monthly cash flow. Total monthly income runs $3,317/mo, and a $2,442/mo payment keeps the spread at $6/mo. Purchase price stands at $499,000, and rental yield measures 7.98% with $3,317/mo rent. Return on cash invested shows 19.95% in year one, and 5% annual appreciation builds toward $137,865 over five years. Five-year ROI reaches 103.65% and total cumulative return in cash records $171,450. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,317/mo property income covering a $2,442/mo payment rather than investor’s 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: Anna Dmowski • Gaff's Realty Company
Mls Name: DBAMLS
Mls ID: #1220851