203 N Oleander Avenue Daytona Beach, FL 32118
Well-maintained multifamily property near the beach with strong rental history.
Property Features for 203 N Oleander Avenue
General Information
- Standard status
- Active
- Size
- 1,540 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1940
Listing office Oceans Luxury Realty Full Service LLC (386) 682-8800
Listing date Dec 27, 2024
Source Exitrealty
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Oceans Luxury Realty Full Service LLC
Investment Insights
Based on property information with market context.
Key Highlights
- Steps from the beach
- Strong rental history
- Two units: a 2‑bedroom, 1‑bath front residence and a detached 1‑bedroom, 1‑bath garage studio
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $21.4k | $13.92 |
| − Vacancy | −$2.1k | −$1.39 |
| EGI | $19.3k | $12.53 |
| − OpEx | −$5.8k | −$3.76 |
| NOI | $13.5k | $8.77 |
