5 Running Bear Path #299Ormond BeachFL32174
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 5 Running Bear Path #299, Ormond Beach, FL, 32174 uses $46,377 cash to close to unlock $2,128/yr annual cash flow and $177/mo monthly cash flow. Total monthly income runs $1,106/mo, and a $685/mo payment keeps the spread at $177/mo. Purchase price stands at $139,900, and rental yield measures 9.49% with $1,106/mo rent. Return on cash invested shows 24.5% in year one, and 5% annual appreciation builds toward $38,652 over five years. Five-year ROI reaches 128.11% and total cumulative return in cash records $59,415. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,106/mo property income covering a $685/mo payment rather than investor’s personal income.
Manufactured
Built in 1998
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Sandra Bergman • Cove Communities
Mls Name: My State MLS
Mls ID: #11601866