2801 S Ridgewood Ave UNIT 716South DaytonaFL32119
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 South Daytona at 2801 S Ridgewood Ave UNIT 716, South Daytona, FL, 32119 uses $86,157 cash to close to unlock $6,160/yr annual cash flow and $513/mo monthly cash flow. Total monthly income runs $2,238/mo, and a $1,272/mo payment keeps the spread at $513/mo. Purchase price stands at $259,900, and rental yield measures 10.33% with $2,238/mo rent. Return on cash invested shows 27.06% in year one, and 5% annual appreciation builds toward $71,806 over five years. Five-year ROI reaches 141.79% and total cumulative return in cash records $122,158. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,238/mo property income covering a $1,272/mo payment rather than investor’s personal income.
Condo
Built in 2008
4 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32119, Daytona Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,734 (100%) |
| Owner Occupied HU | 7,040 (55.3%) |
| Renter Occupied HU | 4,147 (32.6%) |
| Vacant Housing Units | 1,547 (12.1%) |
| Median Home Value | $291,027 |
| Average Home Value | $316,171 |
Housing Distribution
Address Breakdown
Residential
11,866
Single Family
7,494
Multi-Family
4,372
Businesses
739
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Vanessa Gardner • Villaggio on the Lakes Realty LLC
Mls Name: DBAMLS
Mls ID: #1221160