Daytona Beach Ocean Front Condo

Daytona Beach Ocean Front Condo

0 bed 1 bath 985 sq ft Built in 1973 Condominium
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82
Occupancy Status
Low High
15 /20
Level of Rehab
Heavy Light
18/20
Location of Neighborhood
Far Close
17/20
Quality of Floor Plan
Choppy Flowing
17/20
School Rating
F A
7/10
Placement in Neighborhood
Busy Calm
8/10
Property Details

Here is a rare opportunity with an attractive price point. This ocean front end unit is on the fifth floor, with 385 square feet, and has a private beach balcony. The building has a new roof and the pool is set to open in Dec. 2024. The low HOA dues are only $425 per month and include water, electric, Wi-Fi, and cable, and all assessments are paid. The HVAC unit was also recently serviced. 

We recommend replacing the flooring, painting the interior, and updating the shower to receive top dollar.

This unit allows for STR with a nightly rental rate of $138 and a 55% occupancy rate according to AirDNA. You can also market long-term rentals. In addition, this can be an easy fix and flip. With so many exit strategies, this deal is attractive to all levels of investors. 

Beachfront condos like this are rare. Call your EquityPro Advisor today to secure this investment opportunity.

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We recommend rent
Rental Income
$2,346 mo. / $28,152 yr.
Estimated Taxes
$2,300 / yr.
Maintenance
$499 / yr.
HOA Dues
$5,100 / yr.
$13,123
Projected Income
8.90%
Estimated APY
$19,725
Projected Income
12.70%
Estimated ROI

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