1622 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 1622 Houmas St, Ormond Beach, FL, 32174 earns $217/mo cash flow from $3,030/mo rent with a $2,075/mo payment. Total monthly income totals $3,030/mo, and annual cash flow totals $2,599/yr on $140,553 capital. ROI tracks 21.76% on current figures, and rental yield reads 8.58% at a $423,990 purchase. Equity gained on principal adds $2,736/yr, and 5% annual appreciation supports $117,141 over five years. Five-year ROI reaches 113.35% and total cumulative return in cash sums $159,312. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,030/mo property income instead of your personal income.
Single Family
Built in 2026
N/A 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: N/A • D.R. Horton
Mls Name: DR Horton
Mls Provider:
Mls ID: #N/A