395 S ATLANTIC Avenue #104Ormond 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 395 S ATLANTIC Avenue #104, Ormond Beach, FL, 32176 earns from $3,156/mo rent with a $2,687/mo payment. Total monthly income totals $3,156/mo. ROI tracks 16.82% on current figures, and rental yield reads 6.9% at a $549,000 purchase. Equity gained on principal adds $3,543/yr, and 5% annual appreciation supports $151,679 over five years. Five-year ROI reaches 86.85% and total cumulative return in cash sums $156,872. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,156/mo property income instead of your personal income.
Condo
Built in 1982
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: WENDY ANN SWAN • RABELL REALTY GROUP LLC
Mls Name: realMLS
Mls ID: #2115321