470 N Halifax DrOrmond 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 470 N Halifax Dr, Ormond Beach, FL, 32176 generates $3,685/mo in rent and, after a $1,861/mo payment, leaves $1,162/mo in cash flow. Total monthly income is $3,685/mo, and annual cash flow is $13,941/yr on $126,053 invested. Return on cash invested sits at 30.97% in year one, and rental yield is 11.63% on a $380,250 entry. Equity gained on principal adds $2,454/yr, while 5% annual appreciation builds toward $105,056 over five years. Five-year ROI reaches 162.74% and total cumulative return in cash sums $205,135. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,685/mo property income rather than buyer’s personal income.
Single Family
Built in 1962
9,583 sqft 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: Melody L Lopez • Aloha Realty of Florida LLC
Mls Name: DBAMLS
Mls Provider:
Mls ID: #1214168
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.