255 Minorca Beach Way APT 206New 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
Investment property for sale in New Smyrna Beach at 255 Minorca Beach Way APT 206, New Smyrna Beach, FL, 32169 earns from $6,736/mo rent with a $7,807/mo payment. Total monthly income totals $6,736/mo. ROI tracks 11.43% on current figures, and rental yield reads 5.07% at a $1,595,000 purchase. Equity gained on principal adds $10,292/yr, and 5% annual appreciation supports $440,669 over five years. Five-year ROI reaches 57.89% and total cumulative return in cash sums $299,189. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $6,736/mo property income instead of your personal income.
Condo
Built in 2002
2.11 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: Scott Yurchison • COLLADO REAL ESTATE
Mls Name: Stellar MLS
Mls ID: #NS1086535