672 Cordova AveOrmond 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 672 Cordova Ave, Ormond Beach, FL, 32174 with 5% annual appreciation on a $269,900 basis while $1,830/mo rent supports operations. Total monthly income totals $1,830/mo and a $1,321/mo payment preserves $39/mo for cash returns. Annual cash flow comes to $467/yr on $89,472 deployed, and return on cash invested reaches 20.43% in year one. Equity gained on principal adds $1,742/yr, and five-year appreciation sums $74,568 alongside rental yield of 8.14%. Five-year ROI measures 106.22% and total cumulative return in cash totals $95,034.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,830/mo property income versus a $1,321/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1954
7,405 sqft 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: Jessica Jackson • Simply Real Estate
Mls Name: DBAMLS
Mls ID: #1221528