415 Banana Cay Dr APT ASouth DaytonaFL32119
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThis South Daytona rental at 415 Banana Cay Dr APT A, South Daytona, FL, 32119 sits in the solid-income band: 15.35% gross yield, $1,777/mo rent, $462/mo net after the $625/mo debt service, DSCR 2.84. Entry price of $138,900 is well-calibrated for the income it produces. Ziffy Mortgage finances this type of asset on rental income alone, no tax returns, no U.S. credit profile. Projected five-year appreciation of $38,376 and $1,279/yr in principal reduction bring total cumulative return to $84,419.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 15.4% | 6.5% |
| Monthly Cash Flow | $462 | $300 |
City averages based on South Daytona market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,777 |
| Total Monthly Debt Service | $1,260 |
| DSCR Ratio | 1.41x |
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 1985
17.00 Acres lot
$N/A/sqft
$393 monthly 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
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 1985
17.00 Acres lot
$N/A/sqft
$393 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices