117 FOREST QUESTOrmond 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 117 FOREST QUEST, Ormond Beach, FL, 32174 offers $2,465/mo rent that, after a $1,662/mo payment, leaves $62/mo cash flow. Total monthly income is $2,465/mo, and annual cash flow is $748/yr on $112,544 cash. Return on cash invested measures 20.57% in year one, and rental yield stands at 8.71% at a $339,500 entry. Equity gained on principal adds $2,191/yr while 5% annual appreciation compounds into $93,798 by year five. Five-year ROI records 107.6% and total cumulative return in cash reaches $121,097. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,465/mo property income versus a $1,662/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2002
0.25 Acres lot
$N/A/sqft
$230 quarterly 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: NORIAN DEHAVEN • KELLER WILLIAMS REALTY ATLANTIC PARTNERS
Mls Name: realMLS
Mls Provider:
Mls ID: #2053768
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. Data is deemed reliable but is not guaranteed accurate by realMLS.