305 Ocean AvePort OrangeFL32129
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow305 Ocean Ave, Port Orange, FL, 32129 in Port Orange is a top-tier cash-flow asset. At $145,000 it produces $2,083/mo in rent and $1,052/mo in net monthly income, a 17.24% gross rental yield. The DSCR of 3.19 qualifies for Ziffy Mortgage's DSCR loan without W-2s or U.S. credit history. Annual cash flow: $12,629. Five-year appreciation adds $40,061, driving a total cumulative return of $123,262.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 17.2% | 6.5% |
| Monthly Cash Flow | $1,052 | $200 |
City averages based on Port Orange market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,083 |
| Total Monthly Debt Service | $973 |
| DSCR Ratio | 2.14x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
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
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
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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.