3023 S Atlantic Ave #6060Daytona Beach ShoresFL32118
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 3023 S Atlantic Ave #6060, Daytona Beach Shores, FL, 32118 uses $94,478 cash to close to unlock $331/yr annual cash flow and $28/mo monthly cash flow. Total monthly income runs $1,919/mo, and a $1,395/mo payment keeps the spread at $28/mo. Purchase price stands at $285,000, and rental yield measures 8.08% with $1,919/mo rent. Return on cash invested shows 20.26% in year one, and 5% annual appreciation builds toward $78,740 over five years. Five-year ROI reaches 105.33% and total cumulative return in cash records $99,510. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,919/mo property income covering a $1,395/mo payment rather than investor’s personal income.
Condo
Built in 1987
0.90 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Estelle Abedini, PA • COLDWELL BANKER RESIDENTIAL RE
Mls Name: Stellar MLS
Mls ID: #O6347483