3009 Neverland DrNew Smyrna BeachFL32168
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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 3009 Neverland Dr, New Smyrna Beach, FL, 32168 offers a 8.24% rental yield on a $342,500 purchase with $2,352/mo rent. Total monthly income registers $2,352/mo, and a $1,676/mo payment leaves $79/mo available for distribution. Annual cash flow reaches $954/yr on $113,539 to close, and return on cash invested stands at 20.75% in year one. Equity gained on principal adds $2,210/yr while 5% annual appreciation supports $94,626 over five years. Portfolio math shows five-year ROI at 107.95% and total cumulative return in cash at $122,567. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,352/mo property income against a $1,676/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2020
6,534 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
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Listed by: Todd Schroth • EXP Realty LLC
Mls Name: DBAMLS
Mls ID: #1220211