402 Long Cove RdOrmond BeachFL32174
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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
Rental property for sale in Ormond Beach at 402 Long Cove Rd, Ormond Beach, FL, 32174 priced at $499,000 pairs $4,067/mo rent with $756/mo cash flow after a $2,442/mo payment. Total monthly income equals $4,067/mo, and annual cash flow comes to $9,071/yr on $165,419 invested. Return on cash invested is 25.39% in year one, and rental yield stands at 9.78% on a $499,000 basis. Equity gained on principal adds $3,220/yr, and 5% annual appreciation accumulates to $137,865 by year five. Five-year ROI measures 132.82% and total cumulative return in cash reaches $219,714. For financing, Ziffy Mortgage’s DSCR program evaluates $4,067/mo property income against a $2,442/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1989
0.91 Acres 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
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Listed by: Karla Fonseca • LPT Realty, LLC
Mls Name: DBAMLS
Mls ID: #1212894