679 Wellington Station Blvd APT 26Ormond 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 679 Wellington Station Blvd APT 26, Ormond Beach, FL, 32174 uses $81,218 cash to close to unlock $137/yr annual cash flow and $11/mo monthly cash flow. Total monthly income runs $2,168/mo, and a $1,199/mo payment keeps the spread at $11/mo. Purchase price stands at $245,000, and rental yield measures 10.62% with $2,168/mo rent. Return on cash invested shows 20.08% in year one, and 5% annual appreciation builds toward $67,689 over five years. Five-year ROI reaches 107.21% and total cumulative return in cash records $87,072. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,168/mo property income covering a $1,199/mo payment rather than investor’s personal income.
Condo
Built in 1988
6.00 Acres lot
$N/A/sqft
$487 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: Linda Lee • ERA GRIZZARD REAL ESTATE
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #V4937249
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. Some IDX listings have been excluded from this website. Listing Information presented by local MLS brokerage: Zillow, Inc - (407) 904-3511