3051 S Atlantic Ave APT 1904Daytona BeachFL32118
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 at 3051 S Atlantic Ave APT 1904, Daytona Beach, FL, 32118 uses $119,307 cash to close to unlock $3,578/yr annual cash flow and $298/mo monthly cash flow. Total monthly income runs $2,687/mo, and a $1,762/mo payment keeps the spread at $298/mo. Purchase price stands at $359,900, and rental yield measures 8.96% with $2,687/mo rent. Return on cash invested shows 22.91% in year one, and 5% annual appreciation builds toward $99,434 over five years. Five-year ROI reaches 119.53% and total cumulative return in cash records $142,610. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,687/mo property income covering a $1,762/mo payment rather than investor’s personal income.
Condo
Built in 1974
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: George Hanna • Home Wise Realty Group Inc
Mls Name: DBAMLS
Mls ID: #1215824