395 S Atlantic Ave APT 501Ormond 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
Investment property for sale in Ormond Beach at 395 S Atlantic Ave APT 501, Ormond Beach, FL, 32176 earns $316/mo cash flow from $3,826/mo rent with a $2,589/mo payment. Total monthly income totals $3,826/mo, and annual cash flow totals $3,788/yr on $174,041 capital. ROI tracks 22.24% on current figures, and rental yield reads 8.68% at a $529,000 purchase. Equity gained on principal adds $3,414/yr, and 5% annual appreciation supports $146,153 over five years. Five-year ROI reaches 115.89% and total cumulative return in cash sums $201,689. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,826/mo property income instead of your personal income.
Condo
Built in 1982
1.76 Acres 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: Donna Colton • BERGER REALTY GROUP INC
Mls Name: Stellar MLS
Mls ID: #FC314239