640 N Nova Rd APT 207Ormond 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
Rental property for sale in Ormond Beach at 640 N Nova Rd APT 207, Ormond Beach, FL, 32174 offers $1,238/mo rent that, after a $736/mo payment. Total monthly income is $1,238/mo. Return on cash invested measures 17.96% in year one, and rental yield stands at 9.88% at a $150,400 entry. Equity gained on principal adds $971/yr while 5% annual appreciation compounds into $41,553 by year five. Five-year ROI records 95.89% and total cumulative return in cash reaches $47,808. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,238/mo property income versus a $736/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1976
N/A lot
$N/A/sqft
$321 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: N/A • N/A
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