335 N Causeway B010New 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
Rental property for sale in New Smyrna Beach at 335 N Causeway B010, New Smyrna Beach, FL, 32169 offers $2,239/mo rent that, after a $1,517/mo payment, leaves $182/mo cash flow. Total monthly income is $2,239/mo, and annual cash flow is $2,185/yr on $102,765 cash. Return on cash invested measures 22.04% in year one, and rental yield stands at 8.67% at a $310,000 entry. Equity gained on principal adds $2,000/yr while 5% annual appreciation compounds into $85,647 by year five. Five-year ROI records 114.85% and total cumulative return in cash reaches $118,027. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,239/mo property income versus a $1,517/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1973
3.24 Acres 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: Rusty Burrell • COLDWELL BANKER PREMIER
Mls Name: Stellar MLS
Mls ID: #O6219582