3181 Crab Trap 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
Rental property for sale in New Smyrna Beach at 3181 Crab Trap Dr, New Smyrna Beach, FL, 32168 generates $2,760/mo in rent and, after a $1,774/mo payment, leaves $313/mo in cash flow. Total monthly income is $2,760/mo, and annual cash flow is $3,756/yr on $120,169 invested. Return on cash invested sits at 23.03% in year one, and rental yield is 9.14% on a $362,500 entry. Equity gained on principal adds $2,339/yr, while 5% annual appreciation builds toward $100,152 over five years. Five-year ROI reaches 120.33% and total cumulative return in cash sums $144,602. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,760/mo property income rather than buyer’s personal income.
Single Family
Built in 2020
5,375 sqft lot
$N/A/sqft
$500 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: Laura Ranneklev • Florida Welcome Home
Mls Name: St Augustine St Johns County BOR
Mls Provider:
Mls ID: #245420
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. 2024 St Augustine & St. Johns County Board of REALTORS. All rights reserved.