3100 OCEAN SHORE Boulevard UNIT 106Ormond 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
Investment property for sale in Ormond Beach at 3100 OCEAN SHORE Boulevard UNIT 106, Ormond Beach, FL, 32176 offers a 10.92% rental yield on a $259,000 purchase with $2,357/mo rent. 25% in year one. Equity gained on principal adds $1,671/yr while 5% annual appreciation supports $71,557 over five years. Portfolio math shows five-year ROI at 103.36% and total cumulative return in cash at $88,744. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,357/mo property income against a $1,268/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1991
3.50 Acres lot
$N/A/sqft
$685 monthly 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: PAM WATT • RE/MAX SPECIALISTS
Mls Name: realMLS
Mls Provider:
Mls ID: #2043865
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. Data is deemed reliable but is not guaranteed accurate by realMLS.