480 Reed Canal Rd APT 13South 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 480 Reed Canal Rd APT 13, South Daytona, FL, 32119 priced at $139,500 pairs $1,093/mo rent with $167/mo cash flow after a $683/mo payment. Total monthly income equals $1,093/mo, and annual cash flow comes to $2,004/yr on $46,244 invested. Return on cash invested is 24.24% in year one, and rental yield stands at 9.4% on a $139,500 basis. Equity gained on principal adds $900/yr, and 5% annual appreciation accumulates to $38,541 by year five. Five-year ROI measures 126.78% and total cumulative return in cash reaches $58,629. For financing, Ziffy Mortgage’s DSCR program evaluates $1,093/mo property income against a $683/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1986
871.20 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: Donna Goudie • Home One Realty LLC
Mls Name: DBAMLS
Mls ID: #1221493