45 Magnolia Dr S #SOrmond 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
Investment property for sale in Ormond Beach at 45 Magnolia Dr S #S, Ormond Beach, FL, 32174 earns from $1,733/mo rent with a $1,286/mo payment. Total monthly income totals $1,733/mo. ROI tracks 19.76% on current figures, and rental yield reads 7.91% at a $262,800 purchase. Equity gained on principal adds $1,696/yr, and 5% annual appreciation supports $72,607 over five years. Five-year ROI reaches 102.67% and total cumulative return in cash sums $89,445. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,733/mo property income instead of your personal income.
Condo
Built in 2005
1,742 sqft 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: Mike Khorassani • FAME Real Estate LLC
Mls Name: DBAMLS
Mls ID: #1217513