3001 S Atlantic Ave APT 502New 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 3001 S Atlantic Ave APT 502, New Smyrna Beach, FL, 32169 listed at $500,283 pairs $6,517/mo rent with a $2,449/mo payment to leave $3,197/mo cash flow. Total monthly income runs $6,517/mo, and annual cash flow reaches $38,360/yr on $164,593 cash to close. Return on cash invested measures 43.37% in year one, and rental yield registers 15.63% at a $500,283 basis. Equity gained on principal adds $3,228/yr, and annual property appreciation at 5% supports $138,219 by year five. Five-year ROI tracks 229.19% and total cumulative return in cash totals $377,233. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $6,517/mo property income relative to a $2,449/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1983
N/A 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: N/A • N/A
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