3051 S Atlantic Ave APT 602Daytona 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 3051 S Atlantic Ave APT 602, Daytona Beach Shores, FL, 32118 generates $2,738/mo in rent and, after a $1,957/mo payment, leaves $85/mo in cash flow. Total monthly income is $2,738/mo, and annual cash flow is $1,014/yr on $132,567 invested. Return on cash invested sits at 20.67% in year one, and rental yield is 8.22% on a $399,900 entry. Equity gained on principal adds $2,580/yr, while 5% annual appreciation builds toward $110,485 over five years. Five-year ROI reaches 107.54% and total cumulative return in cash sums $142,568. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,738/mo property income rather than buyer’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
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Listed by: Gianna Golding • RE/MAX Signature
Mls Name: DBAMLS
Mls ID: #1220390