5118 Magnolia Palm DrDaytona BeachFL32124
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Daytona Beach at 5118 Magnolia Palm Dr, Daytona Beach, FL, 32124 offers a 9.66% rental yield on a $327,990 purchase with $2,640/mo rent. Total monthly income registers $2,640/mo, and a $1,605/mo payment leaves $464/mo available for distribution. Annual cash flow reaches $5,565/yr on $108,729 to close, and return on cash invested stands at 25.03% in year one. Equity gained on principal adds $2,116/yr while 5% annual appreciation supports $90,618 over five years. Portfolio math shows five-year ROI at 130.86% and total cumulative return in cash at $142,288. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,640/mo property income against a $1,605/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32124, Daytona Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,679 (100%) |
| Owner Occupied HU | 5,168 (77.4%) |
| Renter Occupied HU | 370 ( 5.5%) |
| Vacant Housing Units | 1,141 (17.1%) |
| Median Home Value | $545,550 |
| Average Home Value | $550,365 |
Housing Distribution
Address Breakdown
Residential
5,671
Single Family
5,671
Multi-Family
0
Businesses
138
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ben Goldstein • Lennar Realty, Inc.
Mls Name: DBAMLS
Mls ID: #1221183