331 Fordham DrDaytona 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 331 Fordham Dr, Daytona Beach, FL, 32118 priced at $349,900 pairs $3,136/mo rent with $814/mo cash flow after a $1,713/mo payment. Total monthly income equals $3,136/mo, and annual cash flow comes to $9,763/yr on $115,992 invested. Return on cash invested is 28.33% in year one, and rental yield stands at 10.76% on a $349,900 basis. Equity gained on principal adds $2,258/yr, and 5% annual appreciation accumulates to $96,671 by year five. Five-year ROI measures 148.58% and total cumulative return in cash reaches $172,338. For financing, Ziffy Mortgage’s DSCR program evaluates $3,136/mo property income against a $1,713/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1968
8,276 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: Joseph Carini • Florida Oceanside Realty Inc
Mls Name: DBAMLS
Mls ID: #1220761