8 Ocean Dunes 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 Ocean Dunes Dr, Ormond Beach, FL, 32176 generates $2,689/mo in rent, after a $6,020/mo payment. Total monthly income is $2,689/mo. Return on cash invested sits at 3.89% in year one, and rental yield is 2.62% on a $1,230,000 entry. Equity gained on principal adds $7,937/yr, while 5% annual appreciation builds toward $339,826 over five years. Five-year ROI reaches 17.44% and total cumulative return in cash sums $69,490. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,689/mo property income rather than buyer’s personal income.
Single Family
Built in 1957
6,534 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: Jennifer Withers • EXP Realty LLC
Mls Name: DBAMLS
Mls ID: #1213445