2937 Lantern 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
Investment property for sale in South Daytona at 2937 Lantern Dr, South Daytona, FL, 32119 with 5% annual appreciation on a $299,900 basis while $2,104/mo rent supports operations. Total monthly income totals $2,104/mo and a $1,468/mo payment preserves $114/mo for cash returns. Annual cash flow comes to $1,364/yr on $99,417 deployed, and return on cash invested reaches 21.28% in year one. Equity gained on principal adds $1,935/yr, and five-year appreciation sums $82,857 alongside rental yield of 8.42%. Five-year ROI measures 110.8% and total cumulative return in cash totals $110,152.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,104/mo property income versus a $1,468/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1974
7,405 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: Mark Fuller • EXIT Beach Realty
Mls Name: DBAMLS
Mls Provider:
Mls ID: #1210886
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.