1821 Palmer DrOrmond BeachFL32174
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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
Investment property for sale in Ormond Beach at 1821 Palmer Dr, Ormond Beach, FL, 32174 at $279,000 posts ROI 20.17% with $20/mo cash flow from $1,872/mo rent. Total monthly income equals $1,872/mo, and annual cash flow records $241/yr on $92,489 to close. Return on cash invested measures 20.17% and rental yield reads 8.05% at the current $279,000. Equity gained on principal adds $1,800/yr, and 5% annual appreciation supports $77,083 by year five. Five-year ROI prints 104.88% and total cumulative return in cash totals $97,003.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,872/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1973
5,662 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: Jason Oakley • Gaff's Realty Company
Mls Name: DBAMLS
Mls ID: #1221332