3333 S Ridgewood Ave #8BPort OrangeFL32129
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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 Port Orange at 3333 S Ridgewood Ave #8B, Port Orange, FL, 32129 offers a 10.14% rental yield on a $259,000 purchase with $2,188/mo rent. Total monthly income registers $2,188/mo, and a $1,268/mo payment leaves $469/mo available for distribution. Annual cash flow reaches $5,627/yr on $85,859 to close, and return on cash invested stands at 26.46% 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 138.58% and total cumulative return in cash at $118,984. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,188/mo property income against a $1,268/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 1983
871.20 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
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Listed by: Shannon Reilly • Keller Williams Realty Florida Partners
Mls Name: DBAMLS
Mls ID: #1215375