250 Minorca Beach Way APT 302New Smyrna BeachFL32169
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 250 Minorca Beach Way APT 302, New Smyrna Beach, FL, 32169 offers $5,168/mo rent that, after a $3,671/mo payment. Total monthly income is $5,168/mo. Return on cash invested measures 19.72% in year one, and rental yield stands at 8.27% at a $750,000 entry. Equity gained on principal adds $4,840/yr while 5% annual appreciation compounds into $207,211 by year five. Five-year ROI records 102.84% and total cumulative return in cash reaches $253,746. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $5,168/mo property income versus a $3,671/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 2005
1.29 Acres 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: Patricia Collado • Collado Real Estate
Mls Name: DBAMLS
Mls Provider:
Mls ID: #1120095
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.