142 University CirOrmond BeachFL32176
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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 142 University Cir, Ormond Beach, FL, 32176 uses $148,844 cash to close to unlock $15,624/yr annual cash flow and $1,302/mo monthly cash flow. Total monthly income runs $4,282/mo, and a $2,198/mo payment keeps the spread at $1,302/mo. Purchase price stands at $449,000, and rental yield measures 11.44% with $4,282/mo rent. Return on cash invested shows 30.41% in year one, and 5% annual appreciation builds toward $124,050 over five years. Five-year ROI reaches 159.71% and total cumulative return in cash records $237,724. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,282/mo property income covering a $2,198/mo payment rather than investor’s personal income.
Single Family
Built in 1963
0.32 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: Todd Hammond • Realty Pros Assured
Mls Name: DBAMLS
Mls ID: #1221016