5500 OCEAN SHORE Boulevard UNIT 61Ormond 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 Boulevard UNIT 61, Ormond Beach, FL, 32176 generates $1,177/mo in rent, after a $685/mo payment. Total monthly income is $1,177/mo. Return on cash invested sits at -1.2% in year one, and rental yield is 10.09% on a $140,000 entry. Equity gained on principal adds $903/yr, while 5% annual appreciation builds toward $38,679 over five years. Five-year ROI reaches 0.25% and total cumulative return in cash sums $118. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,177/mo property income rather than buyer’s personal income.
Condo
Built in 1973
8.39 Acres lot
$N/A/sqft
$921 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: ANTONIO MELENDEZ PEREZ • EAZ REALTY LLC
Mls Name: realMLS
Mls Provider:
Mls ID: #2067086
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. Data is deemed reliable but is not guaranteed accurate by realMLS.