2947 S Atlantic Ave APT 902Daytona 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 902, Daytona Beach Shores, FL, 32118 uses $69,615 cash to close to unlock $855/yr annual cash flow and $71/mo monthly cash flow. Total monthly income runs $1,465/mo, and a $1,028/mo payment keeps the spread at $71/mo. Purchase price stands at $209,999, and rental yield measures 8.37% with $1,465/mo rent. Return on cash invested shows 21.14% in year one, and 5% annual appreciation builds toward $58,019 over five years. Five-year ROI reaches 110.05% and total cumulative return in cash records $76,611. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,465/mo property income covering a $1,028/mo payment rather than investor’s personal income.
Condo
Built in 1976
1.55 Acres 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: #1217724