1335 Fleming Ave LOT 295Ormond 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 1335 Fleming Ave LOT 295, Ormond Beach, FL, 32174 generates $889/mo in rent and, after a $563/mo payment, leaves $126/mo in cash flow. Total monthly income is $889/mo, and annual cash flow is $1,509/yr on $38,123 invested. Return on cash invested sits at 23.87% in year one, and rental yield is 9.28% on a $115,000 entry. Equity gained on principal adds $742/yr, while 5% annual appreciation builds toward $31,772 over five years. Five-year ROI reaches 124.68% and total cumulative return in cash sums $47,529. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $889/mo property income rather than buyer’s personal income.
Manufactured
Built in 2019
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: Teresa Quebbeman • Right Realty Connection INC
Mls Name: My State MLS
Mls ID: #11456173