901 S Atlantic Ave PENTHOUSE 3Ormond 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 901 S Atlantic Ave PENTHOUSE 3, Ormond Beach, FL, 32176 generates $2,790/mo in rent, after a $3,421/mo payment. Total monthly income is $2,790/mo. Return on cash invested sits at 10.42% in year one, and rental yield is 4.79% on a $699,000 entry. Equity gained on principal adds $4,511/yr, while 5% annual appreciation builds toward $193,121 over five years. Five-year ROI reaches 52.49% and total cumulative return in cash sums $120,722. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,790/mo property income rather than buyer’s personal income.
Condo
Built in 1980
2.84 Acres 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: Michael Lockhart • OCEANS LUXURY REALTY FULL SVC
Mls Name: Stellar MLS
Mls ID: #O6294912