3022 Nova Scotia WayNew 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 3022 Nova Scotia Way, New Smyrna Beach, FL, 32168 listed at $420,000 pairs $3,097/mo rent with a $2,056/mo payment to leave $310/mo cash flow. Total monthly income runs $3,097/mo, and annual cash flow reaches $3,714/yr on $139,230 cash to close. Return on cash invested measures 22.58% in year one, and rental yield registers 8.85% at a $420,000 basis. Equity gained on principal adds $2,710/yr, and annual property appreciation at 5% supports $116,038 by year five. Five-year ROI tracks 117.75% and total cumulative return in cash totals $163,939. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,097/mo property income relative to a $2,056/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2019
5,750 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: Tonya Giddens • CFRP REALTY LLC
Mls Name: Stellar MLS
Mls ID: #O6328527