606 N Clara AveDelandFL32720
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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
Rental property for sale in Deland at 606 N Clara Ave, Deland, FL, 32720 priced at $179,800 pairs $1,410/mo rent with $217/mo cash flow after a $880/mo payment. Total monthly income equals $1,410/mo, and annual cash flow comes to $2,602/yr on $59,604 invested. Return on cash invested is 24.27% in year one, and rental yield stands at 9.41% on a $179,800 basis. Equity gained on principal adds $1,160/yr, and 5% annual appreciation accumulates to $49,675 by year five. Five-year ROI measures 126.82% and total cumulative return in cash reaches $75,590. For financing, Ziffy Mortgage’s DSCR program evaluates $1,410/mo property income against a $880/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1914
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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