116 Oakmont LnNew Smyrna BeachFL32168
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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 116 Oakmont Ln, New Smyrna Beach, FL, 32168 listed at $525,000 pairs $4,114/mo rent with a $2,570/mo payment to leave $630/mo cash flow. Total monthly income runs $4,114/mo, and annual cash flow reaches $7,555/yr on $172,725 cash to close. Return on cash invested measures 24.43% in year one, and rental yield registers 9.4% at a $525,000 basis. Equity gained on principal adds $3,388/yr, and annual property appreciation at 5% supports $145,048 by year five. Five-year ROI tracks 127.67% and total cumulative return in cash totals $220,521. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,114/mo property income relative to a $2,570/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1978
4,280 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32168, New Smyrna Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,367 (100%) |
| Owner Occupied HU | 12,739 (69.4%) |
| Renter Occupied HU | 3,324 (18.1%) |
| Vacant Housing Units | 2,304 (12.5%) |
| Median Home Value | $445,255 |
| Average Home Value | $493,608 |
Housing Distribution
Address Breakdown
Residential
16,555
Single Family
15,194
Multi-Family
1,361
Businesses
831
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Listed by: Monica Menegay • WATSON REALTY CORP
Mls Name: Stellar MLS
Mls ID: #V4946233