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$199,000

For Sale - Active
349 Fletcher Ave, Daytona Beach, FL 32114
3 Beds
1 Bath
1,080 Square Feet
0.11 Acres Lot
Built in 1964
For Sale - Active
1 Units
Checked: 6 hours ago
Updated: May 20, 2025 at 03:34AM

Investment Summary


Monthly Cash Flow
-$49
Cap Rate
5.8%
Cash-on-Cash Return
-1.3%
Debt Coverage Ratio
0.95
Internal Rate of Return (5 years)
2.8%

Property Description


0.11 Acres Lot
Built in 1964
For Sale - Active
1 Units

Welcome to 349 Fletcher Ave in Daytona! This home is conveniently located in Daytona Beach Florida just a .4 mile drive to the new Daytona Aquarium, .8 miles to Daytona State College, and just 2.4 miles to ONE Daytona for entertainment and dining. This home has been resealed and repainted outside and the interior is well cared for, inside you'll find Vinyl flooring throughout, split bedrooms, and once you step out back the screened in patio is perfect for relaxing. Don't wait to schedule an appointment today!

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Location


Property Details


Parking

  • Description: On Street, RV Access/Parking
  • Details: Driveway, Off Street
  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 1
  • # of Baths (Total): 1.0

Interior Features

  • # of Rooms: 9
  • # of Stories: 1

Exterior Features

  • Exterior Walls Materials: Concrete
  • Foundation: Slab
  • Roof Material: Shingle

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 523823020240
  • Lot Size: 5000 sqft

Property Information

  • Property Type: Single Family Residence
  • Year Built: 1964

Tax Information

  • Annual Tax: $3,261

Utilities

  • Water & Sewer: Public
  • Heating: Central
  • Cooling: Central Air

Location

  • County: Volusia

Listing Details


Listed by:
Rob Lee
WHITE WHALE REAL ESTATE
(386) 689-0390

Source:
Stellar MLS
MLS#: NS1084180
Stellar MLS

Investment Summary


Monthly Cash Flow
-$49
Cap Rate
5.8%
Cash-on-Cash Return
-1.3%
Debt Coverage Ratio
0.95
Internal Rate of Return (5 years)
2.8%

Purchase Details

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Purchase price:
$199,000
Amount financed:
-$159,200
Down payment:
$39,800
Closing costs:
$5,970
Rehab costs:
$0
Initial cash invested:
$45,770
Square feet:
1,080
Cost per square foot:
$184
Monthly rent per square foot:
$1.67

Financing Details

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Loan amount:
$159,200
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$1,019
Property tax:
$272
Insurance:
$126
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,417

Operating Income

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% Rent Monthly Yearly
Gross rent:
$1,800 $21,600
Vacancy loss: (6%)
6% -$108 -$1,296
Operating income:
$1,692 $20,304

Operating Expenses


% Rent Monthly Yearly
Property taxes: (15%)
15%-$272-$3,261
Insurance: (7%)
7%-$126-$1,512
Property management: (8%)
8%-$144-$1,728
Repairs & maintenance: (5%)
5%-$90-$1,080
Capital expenditures: (5%)
5%-$90-$1,080
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (40%)
40%-$722-$8,661

Cash Flow


Monthly Yearly
Net operating income:
$970 $11,640
Mortgage payments:
-$1,019 -$12,228
Cash flow:
$49 $588