3 Longridge LnOrmond 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 3 Longridge Ln, Ormond Beach, FL, 32174 priced at $489,900 pairs $2,803/mo rent with after a $2,398/mo payment. Total monthly income equals $2,803/mo. Return on cash invested is 16.6% in year one, and rental yield stands at 6.87% on a $489,900 basis. Equity gained on principal adds $3,161/yr, and 5% annual appreciation accumulates to $135,350 by year five. Five-year ROI measures 85.67% and total cumulative return in cash reaches $139,133. For financing, Ziffy Mortgage’s DSCR program evaluates $2,803/mo property income against a $2,398/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 2022
5,662 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: Debbie Spelman • Venture Development Realty, Inc
Mls Name: DBAMLS
Mls ID: #1219602