1513 Ocean Shore Blvd #11COrmond 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
Rental property for sale in Ormond Beach at 1513 Ocean Shore Blvd #11C, Ormond Beach, FL, 32176 priced at $594,900 converts $5,014/mo rent into $17/mo cash flow after a $2,912/mo obligation. Total monthly income equals $5,014/mo, and annual cash flow totals $200/yr on $195,722 invested. Return on cash invested prints 20.16% in year one, and rental yield reads 10.11% against a $594,900 entry. Equity gained on principal adds $3,839/yr, while 5% annual appreciation compiles into $164,360 by year five. Five-year ROI reaches 107.09% and total cumulative return in cash sums $209,599. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,014/mo property income covering a $2,912/mo payment, not borrower’s personal income.
Condo
Built in 1985
1.67 Acres lot
$N/A/sqft
$960 monthly 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: Charlie Stout • Ted Rugg & Associates LLC
Mls Name: DBAMLS
Mls Provider:
Mls ID: #1120944
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.