196 Cardinal Dr #AOrmond BeachFL32176
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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
Rental property for sale in Ormond Beach at 196 Cardinal Dr #A, Ormond Beach, FL, 32176 offers $1,663/mo rent that, after a $979/mo payment, leaves $246/mo cash flow. Total monthly income is $1,663/mo, and annual cash flow is $2,948/yr on $66,300 cash. Return on cash invested measures 24.36% in year one, and rental yield stands at 9.98% at a $200,000 entry. Equity gained on principal adds $1,291/yr while 5% annual appreciation compounds into $55,256 by year five. Five-year ROI records 127.87% and total cumulative return in cash reaches $84,776. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,663/mo property income versus a $979/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1947
2,178 sqft lot
$N/A/sqft
$270 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32176, Ormond Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,445 (100%) |
| Owner Occupied HU | 6,130 (58.7%) |
| Renter Occupied HU | 1,418 (13.6%) |
| Vacant Housing Units | 2,897 (27.7%) |
| Median Home Value | $456,930 |
| Average Home Value | $555,979 |
Housing Distribution
Address Breakdown
Residential
8,809
Single Family
7,075
Multi-Family
1,734
Businesses
388
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Listed by: Elaine Kogut • Adams, Cameron & Co., Realtors
Mls Name: DBAMLS
Mls Provider:
Mls ID: #1205621
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.