5500 Ocean Shore Blvd APT 76Ormond 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 5500 Ocean Shore Blvd APT 76, Ormond Beach, FL, 32176 listed at $195,000 pairs $1,528/mo rent with a $954/mo payment. Total monthly income runs $1,528/mo. Return on cash invested measures 3.34% in year one, and rental yield registers 9.4% at a $195,000 basis. Equity gained on principal adds $1,258/yr, and annual property appreciation at 5% supports $53,875 by year five. Five-year ROI tracks 22.18% and total cumulative return in cash totals $14,338. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,528/mo property income relative to a $954/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1973
8.39 Acres lot
$N/A/sqft
$1,127 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: Rick Rugg • Ted Rugg & Associates LLC
Mls Name: DBAMLS
Mls Provider:
Mls ID: #1124048
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.