3 Oceans West Blvd APT 1C3Daytona 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 3 Oceans West Blvd APT 1C3, Daytona Beach Shores, FL, 32118 generates $2,429/mo in rent and, after a $1,268/mo payment, leaves $710/mo in cash flow. Total monthly income is $2,429/mo, and annual cash flow is $8,519/yr on $85,859 invested. Return on cash invested sits at 29.83% in year one, and rental yield is 11.25% on a $259,000 entry. Equity gained on principal adds $1,671/yr, while 5% annual appreciation builds toward $71,557 over five years. Five-year ROI reaches 156.62% and total cumulative return in cash sums $134,476. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,429/mo property income rather than buyer’s personal income.
Condo
Built in 1991
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: Kandi Schromm • RE/MAX Signature
Mls Name: DBAMLS
Mls ID: #1221118