201 Orange Grove Dr #BOrmond 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
Rental property for sale in Ormond Beach at 201 Orange Grove Dr #B, Ormond Beach, FL, 32174 priced at $199,000 pairs $1,554/mo rent with $233/mo cash flow after a $974/mo payment. Total monthly income equals $1,554/mo, and annual cash flow comes to $2,801/yr on $65,969 invested. Return on cash invested is 24.15% in year one, and rental yield stands at 9.37% on a $199,000 basis. Equity gained on principal adds $1,284/yr, and 5% annual appreciation accumulates to $54,980 by year five. Five-year ROI measures 126.23% and total cumulative return in cash reaches $83,274. For financing, Ziffy Mortgage’s DSCR program evaluates $1,554/mo property income against a $974/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1984
871.20 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: Rick Zalewski • Keller Williams Realty Florida Partners
Mls Name: DBAMLS
Mls ID: #1216341