106 Cardinal Dr UNIT DOrmond BeachFL32176
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Nearby investment properties with comparable prices
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 106 Cardinal Dr UNIT D, Ormond Beach, FL, 32176 at $225,000 posts ROI 20.04% with $8/mo cash flow from $1,648/mo rent. Total monthly income equals $1,648/mo, and annual cash flow records $100/yr on $74,588 to close. Return on cash invested measures 20.04% and rental yield reads 8.79% at the current $225,000. Equity gained on principal adds $1,452/yr, and 5% annual appreciation supports $62,163 by year five. Five-year ROI prints 105.04% and total cumulative return in cash totals $78,345.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,648/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1947
5,662 sqft lot
$N/A/sqft
$270 quarterly 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: Timothy Harper • Redfin Corporation
Mls Name: DBAMLS
Mls Provider:
Mls ID: #1208359
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.