COVINGTON Plan, IronwoodDaytona 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 COVINGTON Plan, Ironwood, Daytona Beach, FL, 32124 generates $3,540/mo in rent and, after a $2,139/mo payment, leaves $640/mo in cash flow. Total monthly income is $3,540/mo, and annual cash flow is $7,679/yr on $144,862 invested. Return on cash invested sits at 25.21% in year one, and rental yield is 9.72% on a $436,990 entry. Equity gained on principal adds $2,820/yr, while 5% annual appreciation builds toward $120,732 over five years. Five-year ROI reaches 131.84% and total cumulative return in cash sums $190,993. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,540/mo property income rather than buyer’s personal income.
Single Family
Built in 2026
N/A 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: N/A • D.R. Horton
Mls Name: DR Horton
Mls Provider:
Mls ID: #N/A