8 Hibiscus DrOrmond 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 8 Hibiscus Dr, Ormond Beach, FL, 32176 priced at $373,900 pairs $2,882/mo rent with $401/mo cash flow after a $1,830/mo payment. Total monthly income equals $2,882/mo, and annual cash flow comes to $4,809/yr on $123,948 invested. Return on cash invested is 23.79% in year one, and rental yield stands at 9.25% on a $373,900 basis. Equity gained on principal adds $2,413/yr, and 5% annual appreciation accumulates to $103,302 by year five. Five-year ROI measures 124.23% and total cumulative return in cash reaches $153,977. For financing, Ziffy Mortgage’s DSCR program evaluates $2,882/mo property income against a $1,830/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1953
6,098 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: Cheryl Gray • Oceans Luxury Realty Full Service LLC
Mls Name: DBAMLS
Mls ID: #1219421