350 E 2nd AveNew 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
Total monthly income runs $5,609/mo, and a $4,772/mo payment. Purchase price stands at $975,000, and rental yield measures 6.9% with $5,609/mo rent. Return on cash invested shows 16.84% in year one, and 5% annual appreciation builds toward $269,375 over five years. Five-year ROI reaches 86.93% and total cumulative return in cash records $278,847. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,609/mo property income covering a $4,772/mo payment rather than investor’s personal income.
Single Family
Built in 2023
6,500 sqft 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: Denise Korrey • KORR REALTY CORP
Mls Name: Stellar MLS
Mls ID: #O6376088