250 Minorca Beach WayNew 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 250 Minorca Beach Way, New Smyrna Beach, FL, 32169 offers $5,712/mo rent that, after a $3,277/mo payment, leaves $1,269/mo cash flow. Total monthly income is $5,712/mo, and annual cash flow is $15,227/yr on $220,266 cash. Return on cash invested measures 26.97% in year one, and rental yield stands at 10.24% at a $669,500 entry. Equity gained on principal adds $4,320/yr while 5% annual appreciation compounds into $184,971 by year five. Five-year ROI records 141.28% and total cumulative return in cash reaches $311,188. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $5,712/mo property income versus a $3,277/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 2005
N/A 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: Sandie Ocampo-Geiger • RE/MAX Signature
Mls Name: DBAMLS
Mls ID: #1218586