38 Bear Creek Path #124Ormond BeachFL32174
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 38 Bear Creek Path #124, Ormond Beach, FL, 32174 priced at $144,900 converts $1,328/mo rent into $367/mo cash flow after a $709/mo obligation. Total monthly income equals $1,328/mo, and annual cash flow totals $4,400/yr on $48,034 invested. Return on cash invested prints 29.07% in year one, and rental yield reads 11% against a $144,900 entry. Equity gained on principal adds $935/yr, while 5% annual appreciation compiles into $40,033 by year five. Five-year ROI reaches 152.57% and total cumulative return in cash sums $73,285. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,328/mo property income covering a $709/mo payment, not borrower’s personal income.
Manufactured
Built in 1985
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Sandra Bergman • Cove Communities
Mls Name: My State MLS
Mls ID: #11334943