655 Southlake DrOrmond BeachFL32174
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
Rental property for sale in Ormond Beach at 655 Southlake Dr, Ormond Beach, FL, 32174 priced at $695,000 pairs $3,058/mo rent with after a $3,402/mo payment. Total monthly income equals $3,058/mo. Return on cash invested is 11.9% in year one, and rental yield stands at 5.28% on a $695,000 basis. Equity gained on principal adds $4,485/yr, and 5% annual appreciation accumulates to $192,016 by year five. Five-year ROI measures 60.47% and total cumulative return in cash reaches $138,258. For financing, Ziffy Mortgage’s DSCR program evaluates $3,058/mo property income against a $3,402/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2017
0.25 Acres lot
$N/A/sqft
No 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: Elizabeth Kargar • Venture Development Realty, Inc
Mls Name: DBAMLS
Mls ID: #1221226