2905 Nordman AveNew Smyrna BeachFL32168
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 2905 Nordman Ave, New Smyrna Beach, FL, 32168 priced at $183,083 converts $2,153/mo rent into $938/mo cash flow after a $896/mo obligation. Total monthly income equals $2,153/mo, and annual cash flow totals $11,258/yr on $60,692 invested. Return on cash invested prints 38.46% in year one, and rental yield reads 14.11% against a $183,083 entry. Equity gained on principal adds $1,181/yr, while 5% annual appreciation compiles into $50,582 by year five. Five-year ROI reaches 202.96% and total cumulative return in cash sums $123,181. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,153/mo property income covering a $896/mo payment, not borrower’s personal income.
Single Family
Built in 1985
6,490 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32168, New Smyrna Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,367 (100%) |
| Owner Occupied HU | 12,739 (69.4%) |
| Renter Occupied HU | 3,324 (18.1%) |
| Vacant Housing Units | 2,304 (12.5%) |
| Median Home Value | $445,255 |
| Average Home Value | $493,608 |
Housing Distribution
Address Breakdown
Residential
16,555
Single Family
15,194
Multi-Family
1,361
Businesses
831
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A