60 Chippingwood LnOrmond 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
Investment property for sale in Ormond Beach at 60 Chippingwood Ln, Ormond Beach, FL, 32176 at $298,500 posts ROI 28.91% with $742/mo cash flow from $2,908/mo rent. Total monthly income equals $2,908/mo, and annual cash flow records $8,905/yr on $98,953 to close. Return on cash invested measures 28.91% and rental yield reads 11.69% at the current $298,500. Equity gained on principal adds $1,926/yr, and 5% annual appreciation supports $82,470 by year five. Five-year ROI prints 152.54% and total cumulative return in cash totals $150,945.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,908/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Townhouse
Built in 1980
2,178 sqft lot
$N/A/sqft
$185 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Aillyn Gildon • Realty Pros Assured
Mls Name: DBAMLS
Mls Provider:
Mls ID: #1214934
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.