2290 Ocean Shore Blvd #1020Ormond 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
Investment property for sale in Ormond Beach at 2290 Ocean Shore Blvd #1020, Ormond Beach, FL, 32176 listed at $299,500 pairs $2,722/mo rent with a $1,466/mo payment to leave $119/mo cash flow. Total monthly income runs $2,722/mo, and annual cash flow reaches $1,432/yr on $99,284 cash to close. Return on cash invested measures 21.35% in year one, and rental yield registers 10.91% at a $299,500 basis. Equity gained on principal adds $1,933/yr, and annual property appreciation at 5% supports $82,746 by year five. Five-year ROI tracks 113.89% and total cumulative return in cash totals $113,075. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,722/mo property income relative to a $1,466/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1984
2.27 Acres lot
$N/A/sqft
$615 monthly 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: Lisa Giacona • Ocean View Realty Group
Mls Name: DBAMLS
Mls Provider:
Mls ID: #1124134
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.