703 Coral Reef WayDaytona BeachFL32124
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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 703 Coral Reef Way, Daytona Beach, FL, 32124 priced at $649,649 pairs $3,858/mo rent with after a $3,180/mo payment. Total monthly income equals $3,858/mo. Return on cash invested is 17.51% in year one, and rental yield stands at 7.13% on a $649,649 basis. Equity gained on principal adds $4,192/yr, and 5% annual appreciation accumulates to $179,486 by year five. Five-year ROI measures 90.56% and total cumulative return in cash reaches $193,559. For financing, Ziffy Mortgage’s DSCR program evaluates $3,858/mo property income against a $3,180/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2023
6,969 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
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Listed by: Aimee Aballo • LoKation
Mls Name: DBAMLS
Mls ID: #1213519