616 Cedar Park DrDaytona BeachFL32114
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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 616 Cedar Park Dr, Daytona Beach, FL, 32114 priced at $249,000 converts $2,645/mo rent into $992/mo cash flow after a $1,219/mo obligation. Total monthly income equals $2,645/mo, and annual cash flow totals $11,908/yr on $82,544 invested. Return on cash invested prints 34.34% in year one, and rental yield reads 12.75% against a $249,000 entry. Equity gained on principal adds $1,607/yr, while 5% annual appreciation compiles into $68,794 by year five. Five-year ROI reaches 180.83% and total cumulative return in cash sums $149,264. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,645/mo property income covering a $1,219/mo payment, not borrower’s personal income.
Single Family
Built in 1968
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32114, Daytona Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,852 (100%) |
| Owner Occupied HU | 4,501 (26.7%) |
| Renter Occupied HU | 10,215 (60.6%) |
| Vacant Housing Units | 2,136 (12.7%) |
| Median Home Value | $234,538 |
| Average Home Value | $297,654 |
Housing Distribution
Address Breakdown
Residential
14,814
Single Family
9,431
Multi-Family
5,383
Businesses
1,756
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Listed by: Bryce Fremont • EXP Realty LLC
Mls Name: DBAMLS
Mls ID: #1218549