1183 Ocean Shore Blvd #7020Ormond 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 1183 Ocean Shore Blvd #7020, Ormond Beach, FL, 32176 generates $3,160/mo in rent, after a $1,913/mo payment. Total monthly income is $3,160/mo. Return on cash invested sits at 11.13% in year one, and rental yield is 9.7% on a $390,810 entry. Equity gained on principal adds $2,522/yr, while 5% annual appreciation builds toward $107,974 over five years. Five-year ROI reaches 61.42% and total cumulative return in cash sums $79,571. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,160/mo property income rather than buyer’s personal income.
Condo
Built in 1995
N/A lot
$N/A/sqft
$1,286 monthly 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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Nearby investment properties with comparable prices
Listed by: N/A • N/A
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