216 Ocean DrNew 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
Rental property for sale in New Smyrna Beach at 216 Ocean Dr, New Smyrna Beach, FL, 32169 priced at $999,000 pairs $7,104/mo rent with $474/mo cash flow after a $4,890/mo payment. Total monthly income equals $7,104/mo, and annual cash flow comes to $5,689/yr on $328,671 invested. Return on cash invested is 21.79% in year one, and rental yield stands at 8.53% on a $999,000 basis. Equity gained on principal adds $6,446/yr, and 5% annual appreciation accumulates to $276,005 by year five. Five-year ROI measures 113.5% and total cumulative return in cash reaches $373,046. For financing, Ziffy Mortgage’s DSCR program evaluates $7,104/mo property income against a $4,890/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1991
8,436 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: Susan Hounsom • BEACHSIDE REALTY OF VOLUSIA CO
Mls Name: Stellar MLS
Mls ID: #NS1083371