Summer Cove Plan, Plantation Oaks of Ormond BeachOrmond BeachFL32174
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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 Summer Cove Plan, Plantation Oaks of Ormond Beach, Ormond Beach, FL, 32174 priced at $289,995 converts $2,410/mo rent into $486/mo cash flow after a $1,419/mo obligation. Total monthly income equals $2,410/mo, and annual cash flow totals $5,831/yr on $96,133 invested. Return on cash invested prints 25.97% in year one, and rental yield reads 9.97% against a $289,995 entry. Equity gained on principal adds $1,871/yr, while 5% annual appreciation compiles into $80,120 by year five. Five-year ROI reaches 135.95% and total cumulative return in cash sums $130,695. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,410/mo property income covering a $1,419/mo payment, not borrower’s personal income.
Single Family
Built in 2024
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32174, Ormond Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 28,328 (100%) |
| Owner Occupied HU | 21,185 (74.8%) |
| Renter Occupied HU | 4,906 (17.3%) |
| Vacant Housing Units | 2,237 ( 7.9%) |
| Median Home Value | $398,244 |
| Average Home Value | $445,343 |
Housing Distribution
Address Breakdown
Residential
26,922
Single Family
23,072
Multi-Family
3,850
Businesses
1,985
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Listed by: N/A • Plantation Oaks of Ormond Beach
Mls Name: Plantation Oaks of Ormond Beach
Mls ID: #N/A