1990 Lake DrNew 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 1990 Lake Dr, New Smyrna Beach, FL, 32168 listed at $189,900 pairs $1,464/mo rent with a $929/mo payment to leave $204/mo cash flow. Total monthly income runs $1,464/mo, and annual cash flow reaches $2,451/yr on $62,952 cash to close. Return on cash invested measures 23.8% in year one, and rental yield registers 9.25% at a $189,900 basis. Equity gained on principal adds $1,225/yr, and annual property appreciation at 5% supports $52,466 by year five. Five-year ROI tracks 124.35% and total cumulative return in cash totals $78,281. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,464/mo property income relative to a $929/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1956
8,276 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: Stacey Mathews Johnson • Keller Williams Realty Florida Partners
Mls Name: DBAMLS
Mls ID: #1216801