2947 S Atlantic Ave APT 601Daytona 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 APT 601, Daytona Beach Shores, FL, 32118 earns $861/mo cash flow from $3,217/mo rent with a $1,738/mo payment. Total monthly income totals $3,217/mo, and annual cash flow totals $10,329/yr on $117,683 capital. ROI tracks 28.69% on current figures, and rental yield reads 10.87% at a $355,000 purchase. Equity gained on principal adds $2,291/yr, and 5% annual appreciation supports $98,080 over five years. Five-year ROI reaches 150.51% and total cumulative return in cash sums $177,120. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,217/mo property income instead of your personal income.
Condo
Built in 1976
N/A lot
$N/A/sqft
No 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: Lori Brigley PA • Oceans Luxury Realty Full Service LLC
Mls Name: DBAMLS
Mls ID: #1221252