308 N Janice 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 308 N Janice Ln, Ormond Beach, FL, 32174 generates $3,768/mo in rent and, after a $1,101/mo payment, leaves $2,275/mo in cash flow. Total monthly income is $3,768/mo, and annual cash flow is $27,301/yr on $74,588 invested. Return on cash invested sits at 56.51% in year one, and rental yield is 20.1% on a $225,000 entry. Equity gained on principal adds $1,452/yr, while 5% annual appreciation builds toward $62,163 over five years. Five-year ROI reaches 299.77% and total cumulative return in cash sums $223,593. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,768/mo property income rather than buyer’s personal income.
Manufactured
Built in 2005
0.44 Acres 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: Lauren Valle • KELLER WILLIAMS RLTY FL. PARTN
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #V4937095
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. Some IDX listings have been excluded from this website. Listing Information presented by local MLS brokerage: Zillow, Inc - (407) 904-3511