89 S Atlantic Ave APT 404Ormond 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
Investment property for sale in Ormond Beach at 89 S Atlantic Ave APT 404, Ormond Beach, FL, 32176 listed at $299,000 pairs $2,278/mo rent with a $1,463/mo payment to leave $294/mo cash flow. Total monthly income runs $2,278/mo, and annual cash flow reaches $3,531/yr on $99,119 cash to close. Return on cash invested measures 23.47% in year one, and rental yield registers 9.14% at a $299,000 basis. Equity gained on principal adds $1,929/yr, and annual property appreciation at 5% supports $82,608 by year five. Five-year ROI tracks 122.57% and total cumulative return in cash totals $121,486. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,278/mo property income relative to a $1,463/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1979
N/A 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: Kevin Kling • 386RealEstate.com
Mls Name: DBAMLS
Mls ID: #1219360