5500 Ocean Shore Blvd APT 77Ormond 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 5500 Ocean Shore Blvd APT 77, Ormond Beach, FL, 32176 priced at $244,000 pairs $3,376/mo rent with $750/mo cash flow after a $1,194/mo payment. Total monthly income equals $3,376/mo, and annual cash flow comes to $9,003/yr on $80,886 invested. Return on cash invested is 31.04% in year one, and rental yield stands at 16.6% on a $244,000 basis. Equity gained on principal adds $1,574/yr, and 5% annual appreciation accumulates to $67,413 by year five. Five-year ROI measures 168.56% and total cumulative return in cash reaches $136,342. For financing, Ziffy Mortgage’s DSCR program evaluates $3,376/mo property income against a $1,194/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1973
8.39 Acres lot
$N/A/sqft
$922 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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Nearby investment properties with comparable prices
Listed by: Kathleen Johnston • LIFESTYLE REALTY GROUP
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #FC299541
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