511 W Minnesota AveDelandFL32720
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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 Deland at 511 W Minnesota Ave, Deland, FL, 32720 priced at $609,900 converts $3,533/mo rent into after a $2,985/mo obligation. Total monthly income equals $3,533/mo. Return on cash invested prints 16.98% in year one, and rental yield reads 6.95% against a $609,900 entry. Equity gained on principal adds $3,936/yr, while 5% annual appreciation compiles into $168,504 by year five. Five-year ROI reaches 87.72% and total cumulative return in cash sums $176,016. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,533/mo property income covering a $2,985/mo payment, not borrower’s personal income.
Single Family
Built in 1925
7,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32720, Deland, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,233 (100%) |
| Owner Occupied HU | 10,078 (66.2%) |
| Renter Occupied HU | 4,027 (26.4%) |
| Vacant Housing Units | 1,128 ( 7.4%) |
| Median Home Value | $384,984 |
| Average Home Value | $417,830 |
Housing Distribution
Address Breakdown
Residential
14,114
Single Family
13,305
Multi-Family
809
Businesses
1,178
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