$525,000
Investment Summary
We noticed that property taxes and HOA fees are missing—these are standard expenses and should be considered in your estimate.
- Monthly Cash Flow
- -$274
- Cap Rate
- 5.5%
- Cash-on-Cash Return
- -2.7%
- Debt Coverage Ratio
- 0.90
- Internal Rate of Return (5 years)
- 1.4%
Cash Flow
Net Operating Income (NOI) minus mortgage payments.
Calculation:
NOI - Mortgage Payments
Cap Rate (Market Value)
Capitalization Rate is a rate of return that compares the yearly Net Operating Income (NOI) to the market value.
Calculation:
NOI / Market Value
Cash-on-Cash Return (CoC)
Annual Cash Flow / Cash Invested
Calculation:
Annual cash flow divided by initial cash invested.
Debt Coverage Ratio (DCR)
Net Operating Income (NOI) divided by total debt payments.
Calculation:
NOI / Total Debt Payments
Internal Rate of Return (IRR)
A metric for assessing profitability over time. IRR is the discount rate at which the net present value (NPV) of all future cash flows (positive and negative) from an investment equals zero — including both periodic cash flow (such as rent) and a projected sale at the end of the holding period. It represents the expected annualized return, accounting for income, expenses, and the recovery of capital through a future sale.
Property Description
Offered by its original and only owner. Welcome to Ocean Vistas unit 411 'Daytona Beach Shores’ most luxurious and highly coveted oceanfront condominium. ALLOWS 1 WEEK RENTALS. This stunning Amelia floor plan offers 2,097 square feet of luxury living space and a sprawling wrap-around balcony with an outdoor JenAir grill station. With its westerly exposure, the unit captures spectacular sunset views that paint the sky each evening, creating a serene and breathtaking atmosphere right from your private outdoor space. From the moment you arrive, you’ll notice the exclusivity and elegance that define Ocean Vistas. Semi-private elevator access leads directly to your double-door entry, opening into a sun-filled interior with soaring ceilings, luxury tile floors, and upscale finishes throughout. The spacious living room features an electric fireplace and flows seamlessly onto the balcony, where you can enjoy the ocean breeze and city views in style. The gourmet kitchen is a dream for both everyday living and entertaining, featuring granite countertops, top-grade cabinets, stainless steel appliances, a wine refrigerator, and a large center island with a veggie sink. A split-bedroom layout ensures privacy and comfort. The primary suite includes his-and-her walk-in closets, balcony access, and a resort-style bathroom with jetted tub, dual vanities, a spacious walk-in shower with dual shower heads and built-in bench, and a private water closet. The guest bedroom also has balcony access and connects directly to a full guest bathroom, offering a private, comfortable retreat for family or visitors. Additional highlights include a full laundry room with sink and a newer hot water heater. Lots of in-unit storage with an additional storage room and separate storage cage in the garage. Secured garage parking with an assigned spot nearest your elevator. Plus you are allowed 1 additional open parking spot. The unit is also pet-friendly, allowing two pets with a combined weight of up to 80 pounds. Ocean Vistas is celebrated as Daytona Beach Shores’ premier luxury address, and Unit 411 enjoys every advantage of its secure, access-controlled building. Resort-style amenities include a heated oceanfront pool and jacuzzi, expansive sun deck, oceanfront fire pit, and a well-equipped fitness center. The club room, ideal for hosting parties, features a pool table, bar, and cozy library, providing the perfect venue for everything from game nights to quiet reading. Residents also benefit from a business center, assigned garage parking, and direct private access to the beach. With one-week minimum rentals permitted, the residence offers excellent flexibility for personal use or premium rental income. Beyond the gates of Ocean Vistas, you’ll find yourself immersed in the vibrant lifestyle of Daytona Beach Shores, where the beach is your backyard and every day feels like a vacation. The area is rich with dining, boutique shopping, and cultural activities. Just minutes away is the world-famous Daytona International Speedway, as well as marinas, golf courses, and the Daytona Beach Pier. You're within a short drive of historic Ponce Inlet, the charming shops and restaurants of New Smyrna Beach, and just over an hour to Orlando’s world-class theme parks and international airport. Living at Ocean Vistas Unit 411 is more than a home, it’s a luxury lifestyle marked by stunning views, resort-level amenities, and access to everything the Central Florida coast has to provide.
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Location
Property Details
Parking
- Description: Assigned, Covered, Secured, Underground
- Details: Attached
- Garage Spaces: 2
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 2
Bathroom Information
- # of Baths (Full): 2
- # of Baths (Total): 2.0
Interior Features
- # of Rooms: 3
- # of Stories: 11
- Fireplace: Yes
Exterior Features
- Foundation: Slab
- Roof Material: Other
- Pool: Yes
HOA
- Association: Terry Wimmer
Land Information
- Land Use: Residential
- Land Use Subtype: Condominium Unit
Lot Information
- Parcel ID: 531632000411
- Lot Size: 113278 sqft
Property Information
- Property Type: Condominium
- Year Built: 2007
Tax Information
- Annual Tax: $0
Utilities
- Water & Sewer: Public
- Heating: Central
- Cooling: Central Air
Location
- County: Volusia
Listing Details
Investment Summary
We noticed that property taxes and HOA fees are missing—these are standard expenses and should be considered in your estimate.
- Monthly Cash Flow
- -$274
- Cap Rate
- 5.5%
- Cash-on-Cash Return
- -2.7%
- Debt Coverage Ratio
- 0.90
- Internal Rate of Return (5 years)
- 1.4%
Cash Flow
Net Operating Income (NOI) minus mortgage payments.
Calculation:
NOI - Mortgage Payments
Cap Rate (Market Value)
Capitalization Rate is a rate of return that compares the yearly Net Operating Income (NOI) to the market value.
Calculation:
NOI / Market Value
Cash-on-Cash Return (CoC)
Annual Cash Flow / Cash Invested
Calculation:
Annual cash flow divided by initial cash invested.
Debt Coverage Ratio (DCR)
Net Operating Income (NOI) divided by total debt payments.
Calculation:
NOI / Total Debt Payments
Internal Rate of Return (IRR)
A metric for assessing profitability over time. IRR is the discount rate at which the net present value (NPV) of all future cash flows (positive and negative) from an investment equals zero — including both periodic cash flow (such as rent) and a projected sale at the end of the holding period. It represents the expected annualized return, accounting for income, expenses, and the recovery of capital through a future sale.
Purchase Details
Purchase PriceThe price paid for the property. Purchase price:
| $525,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$420,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $105,000 |
Closing CostsFees and expenses associated with purchasing a property, typically ranging from 2% to 5% of the home’s purchase price, paid at the end of a home purchase to cover services like lending, title transfer, and taxes. Closing costs:
| $15,750 |
Rehab CostsCosts incurred to repair or improve the property, including: roof, flooring, exterior siding, kitchen, exterior paint, bathrooms, etc. Rehab costs:
| $0 |
Initial Cash InvestedThe total initial cash invested in the property. Calculation:Down payment + Buying costs + Rehab costs Initial cash invested:
| $120,750 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 2,097 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $250 |
Monthly Rent Per Square FootMonthly rent divided by the number of square feet. This ratio helps investors compare rental income efficiency across properties, markets, and unit sizes Calculation:Monthly Rent / Square Feet Monthly rent per square foot:
| $1.67 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $420,000 |
|---|---|
Loan to Value Ratio (LTV)Loan amount divided by the market value of the property. Calculation:Loan Amount / Market Value
Loan to value ratio:
| 80.0% |
Loan TypeThe type of loan (e.g., fixed, adjustable).
Loan type:
| Amortizing |
TermThe loan repayment period in years.
Term:
| 30 years |
Interest RateThe percentage a lender charges on the borrowed amount of a loan, determining the cost of borrowing money.
Interest rate:
| 6.625% |
Principal & Interest (PI)The principal is the portion of the loan payment that reduces the loan balance. The interest is the lender's charge for borrowing money. Calculation:(P * r * (1 + r) ** n) / ((1 + r) ** n - 1) Where:
P = Loan amount (principal)
Principal & interest:
| $2,689 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $0 |
InsuranceThe costs for insurance coverage to protect against financial losses due to risks like fire, natural disasters, theft, liability, or tenant-related damages. Calculation:Assumes 7% of gross rental income, unless insurance rates are specified.
Insurance:
| $245 |
Private Mortgage Insurance (PMI)A fee that borrowers pay when they take out a conventional loan with a loan-to-value (LTV) ratio above 80%.
Private mortgage insurance (PMI):
| $0 |
Monthly PaymentThe fixed amount a borrower pays each month to repay a loan. It typically includes principal and interest (P&I) and may also cover property taxes, insurance, HOA fees, and PMI if escrowed. Monthly payment:
| $2,934 |
Operating Income
| % Rent | Monthly | Yearly | |
|---|---|---|---|
Gross RentThe total rental income received from tenants before deducting any expenses. Includes base rent, late fees, pet fees, parking fees, and other recurring charges.
Gross rent:
| $3,500 | $42,000 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$210 | -$2,520 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $3,290 | $39,480 |
Operating Expenses
| % Rent | Monthly | Yearly | |
|---|---|---|---|
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
We noticed that property taxes are missing—these are standard expenses and should be considered in your estimate. | n/a | n/a | n/a |
InsuranceThe costs for insurance coverage to protect against financial losses due to risks like fire, natural disasters, theft, liability, or tenant-related damages. Calculation:Assumes 7% of gross rental income, unless insurance rates are specified. | 7% | -$245 | -$2,940 |
Property ManagementThe costs associated with hiring a property manager to handle the day-to-day operations of a rental property. Includes management fees, leasing fes, eviction fees, etc. Calculation:Assumes 8% of gross rental income. | 8% | -$280 | -$3,360 |
Repairs & MaintenanceOngoing costs for routine upkeep and minor fixes needed to keep a property in good working condition. Calculation:Assumes 5% of gross rental income. Varies by property age and condition. | 5% | -$175 | -$2,100 |
Capital ExpensesLarge, infrequent costs for major improvements or replacements, like a new roof, HVAC system, or appliances. Calculation:Assumes 5% of gross rental income. Varies by property age. | 5% | -$175 | -$2,100 |
HOA FeesRegular dues paid to a Homeowners Association for community maintenance, amenities, and management. Similar fees include: Condo Association Fees, Co-op Maintenance Fees, etc. | n/a | n/a | n/a |
Operating ExpensesRecurring costs required to maintain and manage a rental property, including property taxes, insurance, maintenance, repairs, utilities (if paid by the owner), property management fees, and other day-to-day expenses. Calculation:Insurance + Property Taxes + Property Management + Repairs & Maintenance + Capital Expenditures + HOA Fees | 25% | -$875 | -$10,500 |
Cash Flow
| Monthly | Yearly | |
|---|---|---|
Net Operating Income (NOI)The income generated from a property after deducting all operating expenses but before deducting mortgage payments, taxes, and capital expenditures. Calculation:Gross Operating Income - Operating Expenses
Net operating income:
| $2,415 | $28,980 |
Mortgage PaymentThe fixed amount a borrower pays each month to repay a loan. It typically includes principal and interest (P&I) and may also cover property taxes, insurance, HOA fees, and PMI if escrowed. | -$2,689 | -$32,268 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $274 | $3,288 |