2360 Ocean Shore Blvd #18Ormond By The SeaFL32176
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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 By The Sea at 2360 Ocean Shore Blvd #18, Ormond By The Sea, FL, 32176 offers a 2.49% rental yield on a $1,843,264 purchase with $3,826/mo rent. 48% in year one. Equity gained on principal adds $11,894/yr while 5% annual appreciation supports $509,260 over five years. Portfolio math shows five-year ROI at 15.24% and total cumulative return in cash at $90,994. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,826/mo property income against a $9,022/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2026
N/A lot
$N/A/sqft
No 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: Brent DeHoop • RE/MAX ASSURED
Mls Name: Stellar MLS
Mls ID: #O6345487