701 S Atlantic Ave #315Daytona 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 #315, Daytona Beach, FL, 32118 with 5% annual appreciation on a $105,000 basis while $832/mo rent supports operations. Total monthly income totals $832/mo and a $514/mo payment preserves $135/mo for cash returns. Annual cash flow comes to $1,621/yr on $34,808 deployed, and return on cash invested reaches 24.57% in year one. Equity gained on principal adds $678/yr, and five-year appreciation sums $29,010 alongside rental yield of 9.51%. Five-year ROI measures 128.53% and total cumulative return in cash totals $44,738.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $832/mo property income versus a $514/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
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: Heather Hall • Hall Realty and Investments
Mls Name: DBAMLS
Mls ID: #1217581