3855 S Atlantic Ave APT 505Daytona Beach ShoresFL32118
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 3855 S Atlantic Ave APT 505, Daytona Beach Shores, FL, 32118 in Daytona Beach Shores hard to pass up. The 14.1% gross yield on a $475,000 purchase results in $5,580/mo in rent and $1,450/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (2.61). Annual cash flow of $17,398, five-year appreciation of $131,234, and $4,375/yr in equity build-up combine for a projected total cumulative return of $278,582.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 14.1% | 6.0% |
| Monthly Cash Flow | $1,450 | $250 |
City averages based on Daytona Beach Shores market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $5,580 |
| Total Monthly Debt Service | $3,941 |
| DSCR Ratio | 1.42x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1986
1.55 Acres lot
$N/A/sqft
$2,934 quarterly 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
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
Condo
Built in 1986
1.55 Acres lot
$N/A/sqft
$2,934 quarterly 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