5500 Ocean Shore Blvd APT 89Ormond BeachFL32176
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
Rental property for sale in Ormond Beach at 5500 Ocean Shore Blvd APT 89, Ormond Beach, FL, 32176 offers $1,425/mo rent that, after a $696/mo payment, leaves $481/mo cash flow. Total monthly income is $1,425/mo, and annual cash flow is $5,774/yr on $47,172 cash. Return on cash invested measures 32.15% in year one, and rental yield stands at 12.02% at a $142,300 entry. Equity gained on principal adds $918/yr while 5% annual appreciation compounds into $39,315 by year five. Five-year ROI records 169.14% and total cumulative return in cash reaches $79,788. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,425/mo property income versus a $696/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1973
1,252 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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