3 Riverwalk Dr #405New 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 3 Riverwalk Dr #405, New Smyrna Beach, FL, 32169 with 5% annual appreciation on a $650,000 basis while $4,375/mo rent supports operations. Total monthly income totals $4,375/mo and a $3,181/mo payment preserves $62/mo for cash returns. Annual cash flow comes to $743/yr on $213,850 deployed, and return on cash invested reaches 20.41% in year one. Equity gained on principal adds $4,194/yr, and five-year appreciation sums $179,583 alongside rental yield of 8.08%. Five-year ROI measures 106.07% and total cumulative return in cash totals $226,826.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,375/mo property income versus a $3,181/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 2020
0.35 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: Kimm Moore • RE/MAX SIGNATURE
Mls Name: Stellar MLS
Mls ID: #NS1086981