5500 Ocean Shore Blvd #UT-69Ormond 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 #UT-69, Ormond Beach, FL, 32176 generates $2,248/mo in rent and, after a $759/mo payment, leaves $188/mo in cash flow. Total monthly income is $2,248/mo, and annual cash flow is $2,259/yr on $51,383 invested. Return on cash invested sits at 24.31% in year one, and rental yield is 17.4% on a $155,000 entry. Equity gained on principal adds $1,000/yr, while 5% annual appreciation builds toward $42,824 over five years. Five-year ROI reaches 135.81% and total cumulative return in cash sums $69,784. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,248/mo property income rather than buyer’s personal income.
Condo
Built in 1973
1,306 sqft 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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Listed by: Michael Metzger • REALTY PROS ASSURED
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #FC305108
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