241 Riverside Dr UNIT 305Holly 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 305, Holly Hill, FL, 32117 offers a 8.19% rental yield on a $285,000 purchase with $1,945/mo rent. Total monthly income registers $1,945/mo, and a $1,395/mo payment leaves $54/mo available for distribution. Annual cash flow reaches $643/yr on $94,478 to close, and return on cash invested stands at 20.59% in year one. Equity gained on principal adds $1,839/yr while 5% annual appreciation supports $78,740 over five years. Portfolio math shows five-year ROI at 107.09% and total cumulative return in cash at $101,178. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,945/mo property income against a $1,395/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
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: Alex Rosser • Redfin Corporation
Mls Name: DBAMLS
Mls ID: #1218741