314 Lenox AveDaytona BeachFL32118
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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 at 314 Lenox Ave, Daytona Beach, FL, 32118 priced at $395,000 converts $2,916/mo rent into $295/mo cash flow after a $1,933/mo obligation. Total monthly income equals $2,916/mo, and annual cash flow totals $3,540/yr on $130,943 invested. Return on cash invested prints 22.61% in year one, and rental yield reads 8.86% against a $395,000 entry. Equity gained on principal adds $2,549/yr, while 5% annual appreciation compiles into $109,131 by year five. Five-year ROI reaches 117.96% and total cumulative return in cash sums $154,458. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,916/mo property income covering a $1,933/mo payment, not borrower’s personal income.
Single Family
Built in 1925
6,969 sqft 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: Cory Helgemo • Modern Realty
Mls Name: DBAMLS
Mls ID: #1215081