324 W Park PlOrmond 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
Investment property for sale in Ormond Beach at 324 W Park Pl, Ormond Beach, FL, 32174 uses $86,157 cash to close to unlock $5,272/yr annual cash flow and $439/mo monthly cash flow. Total monthly income runs $2,164/mo, and a $1,272/mo payment keeps the spread at $439/mo. Purchase price stands at $259,900, and rental yield measures 9.99% with $2,164/mo rent. Return on cash invested shows 26.03% in year one, and 5% annual appreciation builds toward $71,806 over five years. Five-year ROI reaches 136.27% and total cumulative return in cash records $117,406. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,164/mo property income covering a $1,272/mo payment rather than investor’s personal income.
Townhouse
Built in 1986
2,918 sqft 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: Ashlee Selman • ADAMS, CAMERON & CO., REALTORS
Mls Name: Stellar MLS
Mls ID: #V4946680