250 Minorca Beach Way APT 904New 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 904, New Smyrna Beach, FL, 32169 generates $5,017/mo in rent, after a $3,915/mo payment. Total monthly income is $5,017/mo. Return on cash invested sits at 18.73% in year one, and rental yield is 7.53% on a $799,900 entry. Equity gained on principal adds $5,162/yr, while 5% annual appreciation builds toward $220,998 over five years. Five-year ROI reaches 97.08% and total cumulative return in cash sums $255,492. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,017/mo property income rather than buyer’s personal income.
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ignacio Barsottelli • COLLADO REAL ESTATE
Mls Name: Stellar MLS
Mls ID: #NS1086468