1415 Ocean Shore Blvd #H040Ormond BeachFL32176
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Nearby investment properties with comparable prices
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 1415 Ocean Shore Blvd #H040, Ormond Beach, FL, 32176 earns $38/mo cash flow from $1,863/mo rent with a $1,346/mo payment. Total monthly income totals $1,863/mo, and annual cash flow totals $456/yr on $91,163 capital. ROI tracks 20.41% on current figures, and rental yield reads 8.13% at a $275,000 purchase. Equity gained on principal adds $1,775/yr, and 5% annual appreciation supports $75,977 over five years. Five-year ROI reaches 106.17% and total cumulative return in cash sums $96,791. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,863/mo property income instead of your personal income.
Condo
Built in 1974
1.93 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32176, Ormond Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,445 (100%) |
| Owner Occupied HU | 6,130 (58.7%) |
| Renter Occupied HU | 1,418 (13.6%) |
| Vacant Housing Units | 2,897 (27.7%) |
| Median Home Value | $456,930 |
| Average Home Value | $555,979 |
Housing Distribution
Address Breakdown
Residential
8,809
Single Family
7,075
Multi-Family
1,734
Businesses
388
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Listed by: Walter Borgen • RE/MAX SIGNATURE
Mls Name: Stellar MLS
Mls ID: #V4945678