3 Oceans West Blvd APT 2A4Daytona 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 3 Oceans West Blvd APT 2A4, Daytona Beach Shores, FL, 32118 offers a 11.81% rental yield on a $347,900 purchase with $3,425/mo rent. Total monthly income registers $3,425/mo, and a $1,703/mo payment leaves $256/mo available for distribution. Annual cash flow reaches $3,072/yr on $115,329 to close, and return on cash invested stands at 22.57% in year one. Equity gained on principal adds $2,245/yr while 5% annual appreciation supports $96,118 over five years. Portfolio math shows five-year ROI at 120.94% and total cumulative return in cash at $139,479. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,425/mo property income against a $1,703/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1991
3.22 Acres lot
$N/A/sqft
$765 monthly 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: Bill Familia • Coastal Living Real Estate LLC
Mls Name: DBAMLS
Mls Provider:
Mls ID: #1211112
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.