4623 Rivers Edge Village Ln UNIT 6308Pt OrangeFL32127
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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 Pt Orange at 4623 Rivers Edge Village Ln UNIT 6308, Pt Orange, FL, 32127 offers a 8.16% rental yield on a $615,000 purchase with $4,183/mo rent. Total monthly income registers $4,183/mo, and a $3,010/mo payment leaves $102/mo available for distribution. Annual cash flow reaches $1,222/yr on $202,335 to close, and return on cash invested stands at 20.66% in year one. Equity gained on principal adds $3,969/yr while 5% annual appreciation supports $169,913 over five years. Portfolio math shows five-year ROI at 107.44% and total cumulative return in cash at $217,397. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,183/mo property income against a $3,010/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2002
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32127, Daytona Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,242 (100%) |
| Owner Occupied HU | 10,812 (66.6%) |
| Renter Occupied HU | 2,635 (16.2%) |
| Vacant Housing Units | 2,795 (17.2%) |
| Median Home Value | $378,337 |
| Average Home Value | $408,009 |
Housing Distribution
Address Breakdown
Residential
15,714
Single Family
11,907
Multi-Family
3,807
Businesses
874
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