935 N Halifax Ave APT 603Daytona 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 935 N Halifax Ave APT 603, Daytona Beach, FL, 32118 uses $74,588 cash to close to unlock $2,485/yr annual cash flow and $207/mo monthly cash flow. Total monthly income runs $2,494/mo, and a $1,101/mo payment keeps the spread at $207/mo. Purchase price stands at $225,000, and rental yield measures 13.3% with $2,494/mo rent. Return on cash invested shows 23.24% in year one, and 5% annual appreciation builds toward $62,163 over five years. Five-year ROI reaches 125.98% and total cumulative return in cash records $93,969. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,494/mo property income covering a $1,101/mo payment rather than investor’s personal income.
Condo
Built in 1975
3.36 Acres lot
$N/A/sqft
$794 monthly 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: Nancy Ann Koenig • Koenig Realty, Inc.
Mls Name: DBAMLS
Mls Provider:
Mls ID: #1201746
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.