116 Beachview DrOrmond 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
Rental property for sale in Ormond Beach at 116 Beachview Dr, Ormond Beach, FL, 32176 offers $3,000/mo rent that, after a $5,217/mo payment. Total monthly income is $3,000/mo. Return on cash invested measures 6.22% in year one, and rental yield stands at 3.38% at a $1,065,900 entry. Equity gained on principal adds $6,878/yr while 5% annual appreciation compounds into $294,489 by year five. Five-year ROI records 29.92% and total cumulative return in cash reaches $103,325. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,000/mo property income versus a $5,217/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
4,791 sqft 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: Tommie Krawiec • SeaGate Real Estate Inc.
Mls Name: DBAMLS
Mls ID: #1219430