305 Ocean AvePort OrangeFL32129
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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 Port Orange at 305 Ocean Ave, Port Orange, FL, 32129 priced at $145,000 converts $2,083/mo rent into $1,052/mo cash flow after a $710/mo obligation. Total monthly income equals $2,083/mo, and annual cash flow totals $12,623/yr on $48,068 invested. Return on cash invested prints 46.17% in year one, and rental yield reads 17.24% against a $145,000 entry. Equity gained on principal adds $936/yr, while 5% annual appreciation compiles into $40,061 by year five. Five-year ROI reaches 244.85% and total cumulative return in cash sums $117,692. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,083/mo property income covering a $710/mo payment, not borrower’s personal income.
Single Family
Built in 1948
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32129, Port Orange, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,335 (100%) |
| Owner Occupied HU | 7,262 (58.9%) |
| Renter Occupied HU | 3,950 (32.0%) |
| Vacant Housing Units | 1,123 ( 9.1%) |
| Median Home Value | $286,188 |
| Average Home Value | $306,720 |
Housing Distribution
Address Breakdown
Residential
11,464
Single Family
8,868
Multi-Family
2,596
Businesses
824
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Listed by: Richard Jindra • Watson Realty Corp.
Mls Name: DBAMLS
Mls Provider:
Mls ID: #1215726
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.