701 S Atlantic Ave #106Daytona 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
Investment property for sale in Daytona Beach at 701 S Atlantic Ave #106, Daytona Beach, FL, 32118 uses $59,670 cash to close to unlock $3,666/yr annual cash flow and $306/mo monthly cash flow. Total monthly income runs $1,500/mo, and a $881/mo payment keeps the spread at $306/mo. Purchase price stands at $180,000, and rental yield measures 10% with $1,500/mo rent. Return on cash invested shows 26.05% in year one, and 5% annual appreciation builds toward $49,731 over five years. Five-year ROI reaches 136.4% and total cumulative return in cash records $81,389. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,500/mo property income covering a $881/mo payment rather than investor’s personal income.
Condo
Built in 1975
N/A 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: Melinda Richardson • 386RealEstate.com
Mls Name: DBAMLS
Mls ID: #1218366