89 S Atlantic Ave APT 1504Ormond 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 89 S Atlantic Ave APT 1504, Ormond Beach, FL, 32176 priced at $389,900 converts $3,653/mo rent into $229/mo cash flow after a $1,908/mo obligation. Total monthly income equals $3,653/mo, and annual cash flow totals $2,745/yr on $129,252 invested. Return on cash invested prints 22.03% in year one, and rental yield reads 11.24% against a $389,900 entry. Equity gained on principal adds $2,516/yr, while 5% annual appreciation compiles into $107,722 by year five. Five-year ROI reaches 117.63% and total cumulative return in cash sums $152,041. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,653/mo property income covering a $1,908/mo payment, not borrower’s personal income.
Condo
Built in 1979
1.19 Acres lot
$N/A/sqft
$754 monthly 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: June Stienstra • RLW REALTY
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #O6234777
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