724 Iowa StDaytona 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
Investment property for sale in Daytona Beach at 724 Iowa St, Daytona Beach, FL, 32114 with 5% annual appreciation on a $209,900 basis while $1,501/mo rent supports operations. Total monthly income totals $1,501/mo and a $1,027/mo payment preserves $108/mo for cash returns. Annual cash flow comes to $1,301/yr on $69,582 deployed, and return on cash invested reaches 21.78% in year one. Equity gained on principal adds $1,354/yr, and five-year appreciation sums $57,992 alongside rental yield of 8.58%. Five-year ROI measures 113.49% and total cumulative return in cash totals $78,968.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,501/mo property income versus a $1,027/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2008
7,405 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: Takeshia Rhynes • Rhynes Real Estate
Mls Name: DBAMLS
Mls ID: #1220943