29 Sea Gull DrOrmond 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 29 Sea Gull Dr, Ormond Beach, FL, 32176 with 5% annual appreciation on a $428,000 basis while $4,152/mo rent supports operations. Total monthly income totals $4,152/mo and a $2,095/mo payment preserves $1,312/mo for cash returns. Annual cash flow comes to $15,739/yr on $141,882 deployed, and return on cash invested reaches 31% in year one. Equity gained on principal adds $2,762/yr, and five-year appreciation sums $118,249 alongside rental yield of 11.64%. Five-year ROI measures 162.92% and total cumulative return in cash totals $231,155.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,152/mo property income versus a $2,095/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1987
7,840 sqft 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: Trena DeCandia • RE/MAX Signature
Mls Name: DBAMLS
Mls ID: #1222133