3370 Ocean Shore Blvd #402BOrmond BeachFL32176
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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 3370 Ocean Shore Blvd #402B, Ormond Beach, FL, 32176 uses $91,461 cash to close to unlock $8,202/yr annual cash flow and $683/mo monthly cash flow. Total monthly income runs $2,514/mo, and a $1,350/mo payment keeps the spread at $683/mo. Purchase price stands at $275,900, and rental yield measures 10.93% with $2,514/mo rent. Return on cash invested shows 28.88% in year one, and 5% annual appreciation builds toward $76,226 over five years. Five-year ROI reaches 151.53% and total cumulative return in cash records $138,593. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,514/mo property income covering a $1,350/mo payment rather than investor’s personal income.
Condo
Built in 1987
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
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Listed by: Lonnie Marandino • Realty Experts Florida
Mls Name: DBAMLS
Mls ID: #1217048