46 Chippingwood LnOrmond 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 46 Chippingwood Ln, Ormond Beach, FL, 32176 uses $85,328 cash to close to unlock $13,004/yr annual cash flow and $1,084/mo monthly cash flow. Total monthly income runs $2,942/mo, and a $1,260/mo payment keeps the spread at $1,084/mo. Purchase price stands at $257,400, and rental yield measures 13.72% with $2,942/mo rent. Return on cash invested shows 35.15% in year one, and 5% annual appreciation builds toward $71,115 over five years. Five-year ROI reaches 185.94% and total cumulative return in cash records $158,657. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,942/mo property income covering a $1,260/mo payment rather than investor’s personal income.
Condo
Built in 1980
N/A lot
$N/A/sqft
$150 monthly 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: N/A • N/A
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