118 Lagoon CtNew 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 118 Lagoon Ct, New Smyrna Beach, FL, 32169 earns $149/mo cash flow from $2,133/mo rent with a $1,463/mo payment. Total monthly income totals $2,133/mo, and annual cash flow totals $1,791/yr on $99,119 capital. ROI tracks 21.72% on current figures, and rental yield reads 8.56% at a $299,000 purchase. Equity gained on principal adds $1,929/yr, and 5% annual appreciation supports $82,608 over five years. Five-year ROI reaches 113.16% and total cumulative return in cash sums $112,162. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,133/mo property income instead of your personal income.
Single Family
Built in 1990
1,306 sqft lot
$N/A/sqft
No 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: Lori Sharlow • Engel & Voelkers New Smyrna Beach
Mls Name: DBAMLS
Mls ID: #1218882