2987 Atlantic Ave #301Daytona BeachFL32118
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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 at 2987 Atlantic Ave #301, Daytona Beach, FL, 32118 offers a 8.64% rental yield on a $235,000 purchase with $1,692/mo rent. Total monthly income registers $1,692/mo, and a $1,150/mo payment leaves $133/mo available for distribution. Annual cash flow reaches $1,593/yr on $77,903 to close, and return on cash invested stands at 21.95% in year one. Equity gained on principal adds $1,516/yr while 5% annual appreciation supports $64,926 over five years. Portfolio math shows five-year ROI at 114.41% and total cumulative return in cash at $89,128. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,692/mo property income against a $1,150/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1977
1.58 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: #1217474