690 Charles AveOrange CityFL32763
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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 Orange City at 690 Charles Ave, Orange City, FL, 32763 priced at $298,900 converts $2,160/mo rent into $176/mo cash flow after a $1,463/mo obligation. Total monthly income equals $2,160/mo, and annual cash flow totals $2,117/yr on $99,085 invested. Return on cash invested prints 22.05% in year one, and rental yield reads 8.67% against a $298,900 entry. Equity gained on principal adds $1,929/yr, while 5% annual appreciation compiles into $82,581 by year five. Five-year ROI reaches 114.92% and total cumulative return in cash sums $113,871. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,160/mo property income covering a $1,463/mo payment, not borrower’s personal income.
Single Family
Built in 2003
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32763, Orange City, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,526 (100%) |
| Owner Occupied HU | 7,600 (65.9%) |
| Renter Occupied HU | 3,109 (27.0%) |
| Vacant Housing Units | 817 ( 7.1%) |
| Median Home Value | $332,141 |
| Average Home Value | $376,981 |
Housing Distribution
Address Breakdown
Residential
10,814
Single Family
9,687
Multi-Family
1,127
Businesses
998
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Listed by: Jeffrey Osborn, Jr • EXP REALTY LLC
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #O6230894
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