11 Cardinal Dr #BOrmond 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 11 Cardinal Dr #B, Ormond Beach, FL, 32176 offers a 11.41% rental yield on a $246,500 purchase with $2,344/mo rent. Total monthly income registers $2,344/mo, and a $1,206/mo payment leaves $601/mo available for distribution. Annual cash flow reaches $7,206/yr on $81,715 to close, and return on cash invested stands at 28.73% in year one. Equity gained on principal adds $1,591/yr while 5% annual appreciation supports $68,103 over five years. Portfolio math shows five-year ROI at 151.32% and total cumulative return in cash at $123,651. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,344/mo property income against a $1,206/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1947
6,098 sqft lot
$N/A/sqft
$240 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: Taner Banks • Keller Williams Realty Florida Partners
Mls Name: DBAMLS
Mls Provider:
Mls ID: #1215983
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.