209 Rio Pinar DrOrmond 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 209 Rio Pinar Dr, Ormond Beach, FL, 32174 priced at $469,000 pairs $5,561/mo rent with $2,448/mo cash flow after a $2,296/mo payment. Total monthly income equals $5,561/mo, and annual cash flow comes to $29,378/yr on $155,474 invested. Return on cash invested is 38.8% in year one, and rental yield stands at 14.23% on a $469,000 basis. Equity gained on principal adds $3,026/yr, and 5% annual appreciation accumulates to $129,576 by year five. Five-year ROI measures 204.78% and total cumulative return in cash reaches $318,379. For financing, Ziffy Mortgage’s DSCR program evaluates $5,561/mo property income against a $2,296/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1988
0.32 Acres 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: Jodie Stratton • COASTAL AND COUNTRY PROPERTIES
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #NS1081756
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. Some IDX listings have been excluded from this website. Listing Information presented by local MLS brokerage: Zillow, Inc - (407) 904-3511