1183 Ocean Shore Blvd APT 303Ormond 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 1183 Ocean Shore Blvd APT 303, Ormond Beach, FL, 32176 uses $146,523 cash to close to unlock $7,214/yr annual cash flow and $601/mo monthly cash flow. Total monthly income runs $3,534/mo, and a $2,163/mo payment keeps the spread at $601/mo. Purchase price stands at $442,000, and rental yield measures 9.59% with $3,534/mo rent. Return on cash invested shows 24.83% in year one, and 5% annual appreciation builds toward $122,116 over five years. Five-year ROI reaches 129.85% and total cumulative return in cash records $190,262. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,534/mo property income covering a $2,163/mo payment rather than investor’s personal income.
Home Type Unknown
Built in N/A
N/A 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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Nearby investment properties with comparable prices
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