16 Oak AveOrmond BeachFL32174
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
Rental property for sale in Ormond Beach at 16 Oak Ave, Ormond Beach, FL, 32174 generates $2,672/mo in rent and, after a $1,542/mo payment, leaves $581/mo in cash flow. Total monthly income is $2,672/mo, and annual cash flow is $6,976/yr on $104,423 invested. Return on cash invested sits at 26.59% in year one, and rental yield is 10.18% on a $315,000 entry. Equity gained on principal adds $2,033/yr, while 5% annual appreciation builds toward $87,029 over five years. Five-year ROI reaches 139.27% and total cumulative return in cash sums $145,433. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,672/mo property income rather than buyer’s personal income.
Single Family
Built in 1973
10,454 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lynn Byrne • 1st Florida Realty LLC
Mls Name: DBAMLS
Mls ID: #1221195