53 Melogold DrOrmond BeachFL32174
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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 53 Melogold Dr, Ormond Beach, FL, 32174 offers a 10.17% rental yield on a $339,990 purchase with $2,880/mo rent. Total monthly income registers $2,880/mo, and a $1,664/mo payment leaves $569/mo available for distribution. Annual cash flow reaches $6,826/yr on $112,707 to close, and return on cash invested stands at 25.97% in year one. Equity gained on principal adds $2,194/yr while 5% annual appreciation supports $93,933 over five years. Portfolio math shows five-year ROI at 136.12% and total cumulative return in cash at $153,411. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,880/mo property income against a $1,664/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
5,662 sqft lot
$N/A/sqft
$165 quarterly 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
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Listed by: Jay Love • D R Horton Realty of Central Florida
Mls Name: DBAMLS
Mls Provider:
Mls ID: #1207550
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.