400 CHERRY StreetSouth DaytonaFL32119
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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 South Daytona at 400 CHERRY Street, South Daytona, FL, 32119 uses $99,119 cash to close to unlock $26,446/yr annual cash flow and $2,204/mo monthly cash flow. Total monthly income runs $4,438/mo, and a $1,463/mo payment keeps the spread at $2,204/mo. Purchase price stands at $299,000, and rental yield measures 17.81% with $4,438/mo rent. Return on cash invested shows 46.59% in year one, and 5% annual appreciation builds toward $82,608 over five years. Five-year ROI reaches 247.59% and total cumulative return in cash records $245,410. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,438/mo property income covering a $1,463/mo payment rather than investor’s personal income.
Single Family
Built in 1973
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32119, Daytona Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,734 (100%) |
| Owner Occupied HU | 7,040 (55.3%) |
| Renter Occupied HU | 4,147 (32.6%) |
| Vacant Housing Units | 1,547 (12.1%) |
| Median Home Value | $291,027 |
| Average Home Value | $316,171 |
Housing Distribution
Address Breakdown
Residential
11,866
Single Family
7,494
Multi-Family
4,372
Businesses
739
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Listed by: MINNA REID • REID REAL ESTATE GROUP, LLC
Mls Name: realMLS
Mls Provider:
Mls ID: #2044362
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by realMLS.