196 Blue Heron Lake Cir #481Ormond 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
Investment property for sale in Ormond Beach at 196 Blue Heron Lake Cir #481, Ormond Beach, FL, 32174 listed at $128,900 pairs $991/mo rent with a $631/mo payment to leave $136/mo cash flow. Total monthly income runs $991/mo, and annual cash flow reaches $1,626/yr on $42,730 cash to close. Return on cash invested measures 23.71% in year one, and rental yield registers 9.23% at a $128,900 basis. Equity gained on principal adds $832/yr, and annual property appreciation at 5% supports $35,613 by year five. Five-year ROI tracks 123.92% and total cumulative return in cash totals $52,949. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $991/mo property income relative to a $631/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Manufactured
Built in 2002
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tammy Peters • Four Star Homes, Inc.
Mls Name: NY State MLS
Mls ID: #11470287