1110 Avenue KOrmond BeachFL32174
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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
Rental property for sale in Ormond Beach at 1110 Avenue K, Ormond Beach, FL, 32174 priced at $115,000 converts $3,234/mo rent into $2,450/mo cash flow after a $563/mo obligation. Total monthly income equals $3,234/mo, and annual cash flow totals $29,401/yr on $38,123 invested. Return on cash invested prints 97.03% in year one, and rental yield reads 33.75% against a $115,000 entry. Equity gained on principal adds $742/yr, while 5% annual appreciation compiles into $31,772 by year five. Five-year ROI reaches 517.36% and total cumulative return in cash sums $197,229. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,234/mo property income covering a $563/mo payment, not borrower’s personal income.
Manufactured
Built in 1972
8,560 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32174, Ormond Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 28,328 (100%) |
| Owner Occupied HU | 21,185 (74.8%) |
| Renter Occupied HU | 4,906 (17.3%) |
| Vacant Housing Units | 2,237 ( 7.9%) |
| Median Home Value | $398,244 |
| Average Home Value | $445,343 |
Housing Distribution
Address Breakdown
Residential
26,922
Single Family
23,072
Multi-Family
3,850
Businesses
1,985
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Listed by: Scott Shock • EXP REALTY LLC
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #G5085648
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. Some IDX listings have been excluded from this website. Listing Information presented by local MLS brokerage: Zillow, Inc - (407) 904-3511