1300 Hand Ave #D2Ormond 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
Investment property for sale in Ormond Beach at 1300 Hand Ave #D2, Ormond Beach, FL, 32174 uses $35,106 cash to close to unlock $1,339/yr annual cash flow and $112/mo monthly cash flow. Total monthly income runs $814/mo, and a $518/mo payment keeps the spread at $112/mo. Purchase price stands at $105,900, and rental yield measures 9.22% with $814/mo rent. Return on cash invested shows 23.72% in year one, and 5% annual appreciation builds toward $29,258 over five years. Five-year ROI reaches 123.9% and total cumulative return in cash records $43,496. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $814/mo property income covering a $518/mo payment rather than investor’s personal income.
Manufactured
Built in 2025
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: N/A • Clear View Communities
Mls Name: Clear View Communities
Mls Provider:
Mls ID: #N/A