129 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 129 Deer Run Lake Dr, Ormond Beach, FL, 32174 priced at $169,000 converts $1,298/mo rent into $177/mo cash flow after a $827/mo obligation. Total monthly income equals $1,298/mo, and annual cash flow totals $2,120/yr on $56,024 invested. Return on cash invested prints 23.69% in year one, and rental yield reads 9.22% against a $169,000 entry. Equity gained on principal adds $1,091/yr, while 5% annual appreciation compiles into $46,692 by year five. Five-year ROI reaches 123.71% and total cumulative return in cash sums $69,307. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,298/mo property income covering a $827/mo payment, not borrower’s personal income.
Manufactured
Built in 2000
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: #11410337