1355 Cork 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 1355 Cork Dr, Ormond Beach, FL, 32174 offers a 8.59% rental yield on a $324,500 purchase with $2,322/mo rent. Total monthly income registers $2,322/mo, and a $1,588/mo payment leaves $169/mo available for distribution. Annual cash flow reaches $2,026/yr on $107,572 to close, and return on cash invested stands at 21.79% in year one. Equity gained on principal adds $2,094/yr while 5% annual appreciation supports $89,653 over five years. Portfolio math shows five-year ROI at 113.52% and total cumulative return in cash at $122,112. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,322/mo property income against a $1,588/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2023
6,098 sqft 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: Diane Esposito • Coastal Gateway Real Estate Group
Mls Name: DBAMLS
Mls ID: #1221556