3088 Isles 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
Rental property for sale in New Smyrna Beach at 3088 Isles Way, New Smyrna Beach, FL, 32168 priced at $470,800 converts $2,640/mo rent into after a $2,304/mo obligation. Total monthly income equals $2,640/mo. Return on cash invested prints 12.73% in year one, and rental yield reads 6.73% against a $470,800 entry. Equity gained on principal adds $3,038/yr, while 5% annual appreciation compiles into $130,073 by year five. Five-year ROI reaches 66.19% and total cumulative return in cash sums $103,304. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,640/mo property income covering a $2,304/mo payment, not borrower’s personal income.
Townhouse
Built in N/A
2,613 sqft lot
$N/A/sqft
$5,400 annually 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: Carl Vasile • EXIT Real Estate Property Solutions
Mls Name: DBAMLS
Mls Provider:
Mls ID: #1207469
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.