48 Palm 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
Investment property for sale in Ormond Beach at 48 Palm Dr, Ormond Beach, FL, 32176 with 5% annual appreciation on a $302,950 basis while $2,459/mo rent supports operations. Total monthly income totals $2,459/mo and a $1,483/mo payment preserves $437/mo for cash returns. Annual cash flow comes to $5,238/yr on $100,428 deployed, and return on cash invested reaches 25.12% in year one. Equity gained on principal adds $1,955/yr, and five-year appreciation sums $83,700 alongside rental yield of 9.74%. Five-year ROI measures 131.46% and total cumulative return in cash totals $132,026.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,459/mo property income versus a $1,483/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1955
7,130 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: Rodney Green • CENTURY 21 SPOUSES WITH HOUSES REALTY
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #G5081837
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. Some IDX listings have been excluded from this website. Listing Information presented by local MLS brokerage: Zillow, Inc - (407) 904-3511