2937 S Atlantic Ave APT 1409Daytona Beach ShoresFL32118
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowNot flashy, but dependably profitable, 2937 S Atlantic Ave APT 1409, Daytona Beach Shores, FL, 32118 in Daytona Beach Shores is listed at $560,000 and delivers $5,117/mo in rent and $372/mo in net monthly cash flow. The 10.96% yield and 2.03 DSCR provide the underwriting comfort Ziffy Mortgage needs to approve a DSCR loan without W-2 or tax-return documentation. Projected 5% annual appreciation adds $154,718 over five years, and $5,158/yr in principal reduction supplements cash return. Total projected cumulative return: $241,837.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11% | 6.0% |
| Monthly Cash Flow | $372 | $250 |
City averages based on Daytona Beach Shores market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $5,117 |
| Total Monthly Debt Service | $4,522 |
| DSCR Ratio | 1.13x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1996
1.93 Acres lot
$N/A/sqft
$1,029 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
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
Condo
Built in 1996
1.93 Acres lot
$N/A/sqft
$1,029 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices