63 Benjamin DrOrmond 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
Investment property for sale in Ormond Beach at 63 Benjamin Dr, Ormond Beach, FL, 32176 uses $118,346 cash to close to unlock $6,618/yr annual cash flow and $551/mo monthly cash flow. Total monthly income runs $3,000/mo, and a $1,747/mo payment keeps the spread at $551/mo. Purchase price stands at $357,000, and rental yield measures 10.08% with $3,000/mo rent. Return on cash invested shows 25.5% in year one, and 5% annual appreciation builds toward $98,633 over five years. Five-year ROI reaches 133.73% and total cumulative return in cash records $158,260. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,000/mo property income covering a $1,747/mo payment rather than investor’s personal income.
Single Family
Built in 1957
7,405 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
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Listed by: Moe Mossa • Savvy Avenue LLC
Mls Name: DBAMLS
Mls Provider:
Mls ID: #1208425
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.