2947 S Atlantic Ave APT 706Daytona 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
Rental property for sale in Daytona Beach Shores at 2947 S Atlantic Ave APT 706, Daytona Beach Shores, FL, 32118 generates $2,963/mo in rent and, after a $1,970/mo payment, leaves $292/mo in cash flow. Total monthly income is $2,963/mo, and annual cash flow is $3,504/yr on $133,429 invested. Return on cash invested sits at 22.53% in year one, and rental yield is 8.83% on a $402,500 entry. Equity gained on principal adds $2,597/yr, while 5% annual appreciation builds toward $111,203 over five years. Five-year ROI reaches 117.5% and total cumulative return in cash sums $156,777. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,963/mo property income rather than buyer’s 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: Barbara Pawlak • Dalton Wade Inc.
Mls Name: DBAMLS
Mls ID: #1219345