710 Flamingo Dr #BOrmond BeachFL32176
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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 Ormond Beach at 710 Flamingo Dr #B, Ormond Beach, FL, 32176 generates $1,886/mo in rent and, after a $1,174/mo payment, leaves $294/mo in cash flow. Total monthly income is $1,886/mo, and annual cash flow is $3,530/yr on $79,527 invested. Return on cash invested sits at 24.35% in year one, and rental yield is 9.43% on a $239,900 entry. Equity gained on principal adds $1,548/yr, while 5% annual appreciation builds toward $66,280 over five years. Five-year ROI reaches 127.27% and total cumulative return in cash sums $101,215. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,886/mo property income rather than buyer’s personal income.
Single Family
Built in 1947
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32176, Ormond Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,445 (100%) |
| Owner Occupied HU | 6,130 (58.7%) |
| Renter Occupied HU | 1,418 (13.6%) |
| Vacant Housing Units | 2,897 (27.7%) |
| Median Home Value | $456,930 |
| Average Home Value | $555,979 |
Housing Distribution
Address Breakdown
Residential
8,809
Single Family
7,075
Multi-Family
1,734
Businesses
388
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Listed by: Selene Sedeno • Tailored Investment Group,Inc.
Mls Name: Space Coast AOR
Mls ID: #1064712