2996 S Atlantic AveNew 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 2996 S Atlantic Ave, New Smyrna Beach, FL, 32169 priced at $849,000 converts $6,373/mo rent into after a $4,155/mo obligation. Total monthly income equals $6,373/mo. Return on cash invested prints 19.71% in year one, and rental yield reads 9.01% against a $849,000 entry. Equity gained on principal adds $5,478/yr, while 5% annual appreciation compiles into $234,563 by year five. Five-year ROI reaches 103.63% and total cumulative return in cash sums $289,472. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $6,373/mo property income covering a $4,155/mo payment, not borrower’s personal income.
Single Family
Built in 2005
1,232 sqft lot
$N/A/sqft
$733 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: Cynde Velez • PREMIER SOTHEBYS INT'L REALTY
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #O6166462
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