509 Harvey AveDaytona BeachFL32118
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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 Daytona Beach at 509 Harvey Ave, Daytona Beach, FL, 32118 priced at $180,000 converts $1,386/mo rent into $192/mo cash flow after a $881/mo obligation. Total monthly income equals $1,386/mo, and annual cash flow totals $2,298/yr on $59,670 invested. Return on cash invested prints 23.76% in year one, and rental yield reads 9.24% against a $180,000 entry. Equity gained on principal adds $1,162/yr, while 5% annual appreciation compiles into $49,731 by year five. Five-year ROI reaches 124.13% and total cumulative return in cash sums $74,069. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,386/mo property income covering a $881/mo payment, not borrower’s personal income.
Multi Family
Built in 1938
2,178 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32118, Daytona Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,767 (100%) |
| Owner Occupied HU | 6,250 (37.3%) |
| Renter Occupied HU | 3,691 (22.0%) |
| Vacant Housing Units | 6,826 (40.7%) |
| Median Home Value | $464,885 |
| Average Home Value | $518,462 |
Housing Distribution
Address Breakdown
Residential
11,503
Single Family
5,484
Multi-Family
6,019
Businesses
754
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Listed by: Donna Knowles • Vylla Home
Mls Name: DBAMLS
Mls ID: #1221511