24 Red Maple CirOrmond 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 24 Red Maple Cir, Ormond Beach, FL, 32174 priced at $289,000 pairs $2,038/mo rent with $120/mo cash flow after a $1,415/mo payment. Total monthly income equals $2,038/mo, and annual cash flow comes to $1,436/yr on $95,804 invested. Return on cash invested is 21.41% in year one, and rental yield stands at 8.46% on a $289,000 basis. Equity gained on principal adds $1,865/yr, and 5% annual appreciation accumulates to $79,845 by year five. Five-year ROI measures 111.48% and total cumulative return in cash reaches $106,802. For financing, Ziffy Mortgage’s DSCR program evaluates $2,038/mo property income against a $1,415/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1978
5,734 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: Alin Zdroba • PROPERTIO
Mls Name: Stellar MLS
Mls ID: #O6324493