2615 S Atlantic Ave APT 3FDaytona Beach ShoresFL32118
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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 Daytona Beach Shores at 2615 S Atlantic Ave APT 3F, Daytona Beach Shores, FL, 32118 priced at $325,000 converts $2,278/mo rent into after a $1,591/mo obligation. Total monthly income equals $2,278/mo. Return on cash invested prints 7.89% in year one, and rental yield reads 8.41% against a $325,000 entry. Equity gained on principal adds $2,097/yr, while 5% annual appreciation compiles into $89,792 by year five. Five-year ROI reaches 43.82% and total cumulative return in cash sums $47,209. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,278/mo property income covering a $1,591/mo payment, not borrower’s personal income.
Condo
Built in 1984
N/A lot
$N/A/sqft
$1,200 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32118, Daytona Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,767 (100%) |
| Owner Occupied HU | 6,250 (37.3%) |
| Renter Occupied HU | 3,691 (22.0%) |
| Vacant Housing Units | 6,826 (40.7%) |
| Median Home Value | $464,885 |
| Average Home Value | $518,462 |
Housing Distribution
Address Breakdown
Residential
11,503
Single Family
5,484
Multi-Family
6,019
Businesses
754
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Listed by: Debra Smith • Coldwell Banker Premier Properties
Mls Name: DBAMLS
Mls Provider:
Mls ID: #1100332
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.