608 Elk River DrOrmond BeachFL32174
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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
Investment property for sale in Ormond Beach at 608 Elk River Dr, Ormond Beach, FL, 32174 listed at $869,000 pairs $3,030/mo rent with a $4,253/mo payment. Total monthly income runs $3,030/mo. Return on cash invested measures 8.21% in year one, and rental yield registers 4.18% at a $869,000 basis. Equity gained on principal adds $5,608/yr, and annual property appreciation at 5% supports $240,089 by year five. Five-year ROI tracks 40.81% and total cumulative return in cash totals $116,687. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,030/mo property income relative to a $4,253/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2018
0.31 Acres lot
$N/A/sqft
$86 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32174, Ormond Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 28,328 (100%) |
| Owner Occupied HU | 21,185 (74.8%) |
| Renter Occupied HU | 4,906 (17.3%) |
| Vacant Housing Units | 2,237 ( 7.9%) |
| Median Home Value | $398,244 |
| Average Home Value | $445,343 |
Housing Distribution
Address Breakdown
Residential
26,922
Single Family
23,072
Multi-Family
3,850
Businesses
1,985
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Listed by: Maria Fiorito • EXP REALTY LLC
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #V4938774
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