316 Michigan AveDaytona BeachFL32114
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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 at 316 Michigan Ave, Daytona Beach, FL, 32114 with 5% annual appreciation on a $120,000 basis while $953/mo rent supports operations. Total monthly income totals $953/mo and a $587/mo payment preserves $157/mo for cash returns. Annual cash flow comes to $1,884/yr on $39,780 deployed, and return on cash invested reaches 24.65% in year one. Equity gained on principal adds $774/yr, and five-year appreciation sums $33,154 alongside rental yield of 9.53%. Five-year ROI measures 128.83% and total cumulative return in cash totals $51,247.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $953/mo property income versus a $587/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1918
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32114, Daytona Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,852 (100%) |
| Owner Occupied HU | 4,501 (26.7%) |
| Renter Occupied HU | 10,215 (60.6%) |
| Vacant Housing Units | 2,136 (12.7%) |
| Median Home Value | $234,538 |
| Average Home Value | $297,654 |
Housing Distribution
Address Breakdown
Residential
14,814
Single Family
9,431
Multi-Family
5,383
Businesses
1,756
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Listed by: Maximilian Cavallo • Realty Pros Assured
Mls Name: DBAMLS
Mls ID: #1217802