3180 Ocean Shore Blvd APT 109Ormond 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 3180 Ocean Shore Blvd APT 109, Ormond Beach, FL, 32176 generates $1,985/mo in rent and, after a $1,223/mo payment, leaves $327/mo in cash flow. Total monthly income is $1,985/mo, and annual cash flow is $3,921/yr on $82,842 invested. Return on cash invested sits at 24.64% in year one, and rental yield is 9.53% on a $249,900 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation builds toward $69,043 over five years. Five-year ROI reaches 128.81% and total cumulative return in cash sums $106,706. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,985/mo property income rather than buyer’s personal income.
Condo
Built in 1994
N/A 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: Eric Cinnamon • Adams, Cameron & Co., Realtors
Mls Name: DBAMLS
Mls ID: #1221315