128 Deer Run Lake DrOrmond 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 128 Deer Run Lake Dr, Ormond Beach, FL, 32174 offers $1,107/mo rent that, after a $707/mo payment, leaves $148/mo cash flow. Total monthly income is $1,107/mo, and annual cash flow is $1,780/yr on $47,902 cash. Return on cash invested measures 23.62% in year one, and rental yield stands at 9.19% at a $144,500 entry. Equity gained on principal adds $932/yr while 5% annual appreciation compounds into $39,923 by year five. Five-year ROI records 123.42% and total cumulative return in cash reaches $59,119. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,107/mo property income versus a $707/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 2001
N/A 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: Garrett Obrien • SURF N TURF REALTY
Mls Name: My State MLS
Mls ID: #11483659