1575 OCEAN SHORE Boulevard UNIT 705Ormond BeachFL32176
Nearby investment properties with comparable rents
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
Total monthly income runs $2,398/mo, and a $2,198/mo payment. Purchase price stands at $449,000, and rental yield measures 6.41% with $2,398/mo rent. Return on cash invested shows 6.07% in year one, and 5% annual appreciation builds toward $124,050 over five years. Five-year ROI reaches 32.55% and total cumulative return in cash records $48,448. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,398/mo property income covering a $2,198/mo payment rather than investor’s personal income.
Condo
Built in 1974
1.55 Acres lot
$N/A/sqft
$1,014 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: AMYBETH MYRON • RE/MAX CONNECTS
Mls Name: realMLS
Mls Provider:
Mls ID: #2037895
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. Data is deemed reliable but is not guaranteed accurate by realMLS.