415 Banana Cay Dr APT BSouth DaytonaFL32119
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
Investment Highlights
Investment property for sale in South Daytona at 415 Banana Cay Dr APT B, South Daytona, FL, 32119 offers a 11.9% rental yield on a $146,999 purchase with $1,458/mo rent. Total monthly income registers $1,458/mo, and a $719/mo payment leaves $483/mo available for distribution. Annual cash flow reaches $5,796/yr on $48,730 to close, and return on cash invested stands at 31.8% in year one. Equity gained on principal adds $949/yr while 5% annual appreciation supports $40,613 over five years. Portfolio math shows five-year ROI at 167.21% and total cumulative return in cash at $81,480. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,458/mo property income against a $719/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1985
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Leticia R Dos Santos • Oceans Luxury Realty Full Service LLC
Mls Name: DBAMLS
Mls ID: #1220697