64 Melogold 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 64 Melogold Dr, Ormond Beach, FL, 32174 listed at $328,990 pairs $2,880/mo rent with a $1,610/mo payment to leave $642/mo cash flow. Total monthly income runs $2,880/mo, and annual cash flow reaches $7,704/yr on $109,060 cash to close. Return on cash invested measures 26.97% in year one, and rental yield registers 10.5% at a $328,990 basis. Equity gained on principal adds $2,123/yr, and annual property appreciation at 5% supports $90,894 by year five. Five-year ROI tracks 141.57% and total cumulative return in cash totals $154,398. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,880/mo property income relative to a $1,610/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in N/A
N/A lot
$N/A/sqft
$55 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: Jay Love • D R Horton Realty of Central Florida
Mls Name: DBAMLS
Mls Provider:
Mls ID: #1209054
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.