1507 Palmetto StNew 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
Rental property for sale in New Smyrna Beach at 1507 Palmetto St, New Smyrna Beach, FL, 32168 offers $2,966/mo rent that, after a $2,653/mo payment. Total monthly income is $2,966/mo. Return on cash invested measures 15.53% in year one, and rental yield stands at 6.57% at a $542,000 entry. Equity gained on principal adds $3,497/yr while 5% annual appreciation compounds into $149,745 by year five. Five-year ROI records 80.05% and total cumulative return in cash reaches $142,746. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,966/mo property income versus a $2,653/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1952
0.27 Acres 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: Sarah Caudill • Florida Life Real Estate Group
Mls Name: DBAMLS
Mls Provider:
Mls ID: #1203545
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.