251 Orange Grove 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
Investment property for sale in Ormond Beach at 251 Orange Grove Dr, Ormond Beach, FL, 32174 listed at $197,900 pairs $1,555/mo rent with a $969/mo payment to leave $241/mo cash flow. Total monthly income runs $1,555/mo, and annual cash flow reaches $2,896/yr on $65,604 cash to close. Return on cash invested measures 24.32% in year one, and rental yield registers 9.43% at a $197,900 basis. Equity gained on principal adds $1,277/yr, and annual property appreciation at 5% supports $54,676 by year five. Five-year ROI tracks 127.14% and total cumulative return in cash totals $83,409. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,555/mo property income relative to a $969/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1985
871.20 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: Jacqueline Balaban • RE/MAX Signature
Mls Name: DBAMLS
Mls ID: #1221537