111 N Atlantic Ave #2090New Smyrna BeachFL32169
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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 New Smyrna Beach at 111 N Atlantic Ave #2090, New Smyrna Beach, FL, 32169 uses $188,188 cash to close to unlock $1,122/yr annual cash flow and $93/mo monthly cash flow. Total monthly income runs $5,306/mo, and a $2,800/mo payment keeps the spread at $93/mo. Purchase price stands at $572,000, and rental yield measures 11.13% with $5,306/mo rent. Return on cash invested shows 20.66% in year one, and 5% annual appreciation builds toward $158,033 over five years. Five-year ROI reaches 110.69% and total cumulative return in cash records $208,313. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,306/mo property income covering a $2,800/mo payment rather than investor’s personal income.
Condo
Built in 1969
1.58 Acres lot
$N/A/sqft
$1,310 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32169, New Smyrna Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,709 (100%) |
| Owner Occupied HU | 4,846 (41.4%) |
| Renter Occupied HU | 910 ( 7.8%) |
| Vacant Housing Units | 5,953 (50.8%) |
| Median Home Value | $580,722 |
| Average Home Value | $661,502 |
Housing Distribution
Address Breakdown
Residential
10,598
Single Family
5,389
Multi-Family
5,209
Businesses
383
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Listed by: Christian Silva • EMPIRE NETWORK REALTY
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #O6268925
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