689 Wellington Station Blvd APT 41Ormond 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 689 Wellington Station Blvd APT 41, Ormond Beach, FL, 32174 listed at $217,000 pairs $1,957/mo rent with a $1,062/mo payment. Total monthly income runs $1,957/mo. Return on cash invested measures 19.42% in year one, and rental yield registers 10.82% at a $217,000 basis. Equity gained on principal adds $1,400/yr, and annual property appreciation at 5% supports $59,953 by year five. Five-year ROI tracks 104.12% and total cumulative return in cash totals $74,897. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,957/mo property income relative to a $1,062/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1986
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: Lindsey Smith • LPT REALTY, LLC
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #V4940279
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