2947 S Atlantic Ave #201Daytona Beach ShoresFL32118
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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 Daytona Beach Shores at 2947 S Atlantic Ave #201, Daytona Beach Shores, FL, 32118 listed at $350,000 pairs $3,494/mo rent with a $1,713/mo payment to leave $274/mo cash flow. Total monthly income runs $3,494/mo, and annual cash flow reaches $3,284/yr on $116,025 cash to close. Return on cash invested measures 22.74% in year one, and rental yield registers 11.98% at a $350,000 basis. Equity gained on principal adds $2,258/yr, and annual property appreciation at 5% supports $96,699 by year five. Five-year ROI tracks 121.97% and total cumulative return in cash totals $141,518. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,494/mo property income relative to a $1,713/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1976
1.55 Acres lot
$N/A/sqft
$805 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
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Listed by: Stephanie Cathey • RE/MAX Signature
Mls Name: DBAMLS
Mls Provider:
Mls ID: #1211575
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.