2845 Oak Lea DrSouth 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
Rental property for sale in South Daytona at 2845 Oak Lea Dr, South Daytona, FL, 32119 offers $2,503/mo rent that, after a $1,889/mo payment. Total monthly income is $2,503/mo. Return on cash invested measures 19.36% in year one, and rental yield stands at 7.78% at a $386,000 entry. Equity gained on principal adds $2,491/yr while 5% annual appreciation compounds into $106,645 by year five. Five-year ROI records 100.49% and total cumulative return in cash reaches $128,592. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,503/mo property income versus a $1,889/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1976
8,712 sqft 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: Wesley Stricklen • Xcellence Realty Inc
Mls Name: DBAMLS
Mls ID: #1219524