840 Center Ave #980Daytona BeachFL32117
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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 840 Center Ave #980, Daytona Beach, FL, 32117 uses $39,449 cash to close to unlock $1,257/yr annual cash flow and $105/mo monthly cash flow. Total monthly income runs $894/mo, and a $582/mo payment keeps the spread at $105/mo. Purchase price stands at $119,000, and rental yield measures 9.02% with $894/mo rent. Return on cash invested shows 23.1% in year one, and 5% annual appreciation builds toward $32,878 over five years. Five-year ROI reaches 120.53% and total cumulative return in cash records $47,549. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $894/mo property income covering a $582/mo payment rather than investor’s personal income.
Condo
Built in 1974
4.96 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32117, Daytona Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,125 (100%) |
| Owner Occupied HU | 7,002 (43.4%) |
| Renter Occupied HU | 7,169 (44.5%) |
| Vacant Housing Units | 1,954 (12.1%) |
| Median Home Value | $205,882 |
| Average Home Value | $265,961 |
Housing Distribution
Address Breakdown
Residential
15,033
Single Family
10,959
Multi-Family
4,074
Businesses
1,541
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Listed by: Michael Aversano • ONE KEY REALTY
Mls Name: Stellar MLS
Mls ID: #O6362215