415 Banana Cay Dr APT JSouth 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
Rental property for sale in South Daytona at 415 Banana Cay Dr APT J, South Daytona, FL, 32119 offers $1,627/mo rent that, after a $724/mo payment, leaves $645/mo cash flow. Total monthly income is $1,627/mo, and annual cash flow is $7,743/yr on $49,062 cash. Return on cash invested measures 35.69% in year one, and rental yield stands at 13.19% at a $148,000 entry. Equity gained on principal adds $955/yr while 5% annual appreciation compounds into $40,890 by year five. Five-year ROI records 188.14% and total cumulative return in cash reaches $92,306. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,627/mo property income versus a $724/mo payment rather than borrower’s personal income verification through 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
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Listed by: Stacey Mathews Johnson • Keller Williams Realty Florida Partners
Mls Name: DBAMLS
Mls ID: #1221067