24 Lake Vista WayOrmond 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
Investment property for sale in Ormond Beach at 24 Lake Vista Way, Ormond Beach, FL, 32174 earns $1,146/mo cash flow from $4,530/mo rent with a $2,496/mo payment. Total monthly income totals $4,530/mo, and annual cash flow totals $13,751/yr on $167,757 capital. ROI tracks 28.26% on current figures, and rental yield reads 10.66% at a $509,900 purchase. Equity gained on principal adds $3,290/yr, and 5% annual appreciation supports $140,876 over five years. Five-year ROI reaches 148.16% and total cumulative return in cash sums $248,552. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,530/mo property income instead of your personal income.
Single Family
Built in 1988
0.37 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: Mark Segreto • RMS ELITE PROPERTIES
Mls Name: Stellar MLS
Mls ID: #TB8387697