453 S Atlantic AveOrmond 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
Rental property for sale in Ormond Beach at 453 S Atlantic Ave, Ormond Beach, FL, 32176 offers $1,290/mo rent that, after a $822/mo payment, leaves $175/mo cash flow. Total monthly income is $1,290/mo, and annual cash flow is $2,105/yr on $55,692 cash. Return on cash invested measures 23.69% in year one, and rental yield stands at 9.21% at a $168,000 entry. Equity gained on principal adds $1,084/yr while 5% annual appreciation compounds into $46,415 by year five. Five-year ROI records 123.73% and total cumulative return in cash reaches $68,909. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,290/mo property income versus a $822/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1987
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: Julie Dusz • Smart Step Property Group LLC
Mls Name: DBAMLS
Mls ID: #1214674