257 Minorca Beach Way APT 1102New 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 257 Minorca Beach Way APT 1102, New Smyrna Beach, FL, 32169 listed at $500,000 pairs $4,997/mo rent with a $2,447/mo payment to leave $549/mo cash flow. Total monthly income runs $4,997/mo, and annual cash flow reaches $6,590/yr on $165,750 cash to close. Return on cash invested measures 23.88% in year one, and rental yield registers 11.99% at a $500,000 basis. Equity gained on principal adds $3,226/yr, and annual property appreciation at 5% supports $138,141 by year five. Five-year ROI tracks 127.73% and total cumulative return in cash totals $211,712. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,997/mo property income relative to a $2,447/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1986
2.99 Acres lot
$N/A/sqft
$1,130 monthly 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: James Lyon • COLLADO REAL ESTATE
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #NS1081977
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. Some IDX listings have been excluded from this website. Listing Information presented by local MLS brokerage: Zillow, Inc - (407) 904-3511