3 Ocean Dunes DrOrmond BeachFL32176
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Ocean Dunes Dr, Ormond Beach, FL, 32176 priced at $875,000 converts $2,125/mo rent into after a $4,283/mo obligation. Total monthly income equals $2,125/mo. Return on cash invested prints 4.71% in year one, and rental yield reads 2.91% against a $875,000 entry. Equity gained on principal adds $5,646/yr, while 5% annual appreciation compiles into $241,746 by year five. Five-year ROI reaches 21.91% and total cumulative return in cash sums $63,083. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,125/mo property income covering a $4,283/mo payment, not borrower’s personal income.
Single Family
Built in 1957
5,227 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jennifer Withers • EXP Realty LLC
Mls Name: DBAMLS
Mls ID: #1221056