18 Tomoka Meadows BlvdOrmond 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 18 Tomoka Meadows Blvd, Ormond Beach, FL, 32174 offers a 9.44% rental yield on a $189,000 purchase with $1,487/mo rent. Total monthly income registers $1,487/mo, and a $925/mo payment leaves $233/mo available for distribution. Annual cash flow reaches $2,794/yr on $62,654 to close, and return on cash invested stands at 24.37% in year one. Equity gained on principal adds $1,220/yr while 5% annual appreciation supports $52,217 over five years. Portfolio math shows five-year ROI at 127.35% and total cumulative return in cash at $79,786. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,487/mo property income against a $925/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1980
1,306 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: Cheryl Dreezer • Real Estate Services of Palm Coast
Mls Name: DBAMLS
Mls ID: #1217783