1341 Middle 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
Investment property for sale in Ormond Beach at 1341 Middle Lake Dr, Ormond Beach, FL, 32174 earns $554/mo cash flow from $3,484/mo rent with a $2,113/mo payment. Total monthly income totals $3,484/mo, and annual cash flow totals $6,649/yr on $143,109 capital. ROI tracks 24.56% on current figures, and rental yield reads 9.68% at a $431,700 purchase. Equity gained on principal adds $2,786/yr, and 5% annual appreciation supports $119,271 over five years. Five-year ROI reaches 128.57% and total cumulative return in cash sums $183,992. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,484/mo property income instead of your personal income.
Single Family
Built in 2023
7,499 sqft lot
$N/A/sqft
$65 monthly 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: Jay Love • DR HORTON REALTY OF CENTRAL FLORIDA LLC
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #O6141591
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Some IDX listings have been excluded from this website. Listing Information presented by local MLS brokerage: Zillow, Inc - (407) 904-3511