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Updated over 5 years ago,
Daytona Beach, FL - Unsure on neighborhood
Property is located in Daytona Beach zip code 32114 Fairmount Rd. Would love to hear from a local!
Asking Price 42k
Rehab 5-10k depends how much I put in cosmetic upgrades.
Closing 5k
All in 57k.
Rent $800
Taxes $83.33
PM $80
Insurance $125
Repairs $80
Vacancy $80
Cashflow $351
I intend to buy it in cash and cash refi/heloc some of the money back out.
What is making me nervous is that I have gotten mixed feedback from two different PM companies on the neighborhood. One company assured me they could place a good tenant in that property for 800-850 and it was a decent neighborhood. The other advised I stay away and look towards Holly Hill or Port Orange instead. I intend to call a third company tomorrow and would love to hear from a BP member in Daytona. :)