1607 Houmas StOrmond BeachFL32174
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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 1607 Houmas St, Ormond Beach, FL, 32174 earns $511/mo cash flow from $2,880/mo rent with a $1,747/mo payment. Total monthly income totals $2,880/mo, and annual cash flow totals $6,135/yr on $118,342 capital. ROI tracks 25.09% on current figures, and rental yield reads 9.68% at a $356,990 purchase. Equity gained on principal adds $2,304/yr, and 5% annual appreciation supports $98,630 over five years. Five-year ROI reaches 131.25% and total cumulative return in cash sums $155,328. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,880/mo property income instead of your personal income.
Single Family
Built in N/A
6,969 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
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Listed by: Paul King • D R Horton Realty of Central Florida
Mls Name: DBAMLS
Mls ID: #1216964