1 John Anderson Dr APT 604Ormond BeachFL32176
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Ormond Beach at 1 John Anderson Dr APT 604, Ormond Beach, FL, 32176 with 5% annual appreciation on a $565,000 basis while $3,628/mo rent supports operations. 28% in year one. Equity gained on principal adds $3,646/yr, and five-year appreciation sums $156,099 alongside rental yield of 7.71%. Five-year ROI measures 100.01% and total cumulative return in cash totals $185,895. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,628/mo property income versus a $2,765/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1996
6.00 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32176, Ormond Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,445 (100%) |
| Owner Occupied HU | 6,130 (58.7%) |
| Renter Occupied HU | 1,418 (13.6%) |
| Vacant Housing Units | 2,897 (27.7%) |
| Median Home Value | $456,930 |
| Average Home Value | $555,979 |
Housing Distribution
Address Breakdown
Residential
8,809
Single Family
7,075
Multi-Family
1,734
Businesses
388
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Listed by: Terri Jennings • COLDWELL BANKER REALTY
Mls Name: Stellar MLS
Mls ID: #TB8451566