2800 Ocean Shore Blvd #140Ormond 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 2800 Ocean Shore Blvd #140, Ormond Beach, FL, 32176 offers a 10.78% rental yield on a $279,900 purchase with $2,514/mo rent. Total monthly income registers $2,514/mo, and a $1,370/mo payment leaves $657/mo available for distribution. Annual cash flow reaches $7,878/yr on $92,787 to close, and return on cash invested stands at 28.4% in year one. Equity gained on principal adds $1,806/yr while 5% annual appreciation supports $77,331 over five years. Portfolio math shows five-year ROI at 148.98% and total cumulative return in cash at $138,229. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,514/mo property income against a $1,370/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1972
0.86 Acres 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: Steve Lockhart • LOCKHART & ASSOCIATES INC
Mls Name: Stellar MLS
Mls ID: #L4957575