2801 S Ridgewood Ave UNIT 807South DaytonaFL32119
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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 South Daytona at 2801 S Ridgewood Ave UNIT 807, South Daytona, FL, 32119 earns $619/mo cash flow from $3,177/mo rent with a $1,887/mo payment. Total monthly income totals $3,177/mo, and annual cash flow totals $7,423/yr on $127,793 capital. ROI tracks 25.72% on current figures, and rental yield reads 9.89% at a $385,500 purchase. Equity gained on principal adds $2,488/yr, and 5% annual appreciation supports $106,507 over five years. Five-year ROI reaches 134.58% and total cumulative return in cash sums $171,983. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,177/mo property income instead of your personal income.
Condo
Built in 2008
4.16 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
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Listed by: Benjamin Larbus • Pixel Realty
Mls Name: DBAMLS
Mls ID: #1221274