3509 S Atlantic Ave #102New 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 3509 S Atlantic Ave #102, New Smyrna Beach, FL, 32169 generates $2,566/mo in rent and, after a $1,835/mo payment, leaves $78/mo in cash flow. Total monthly income is $2,566/mo, and annual cash flow is $934/yr on $124,313 invested. Return on cash invested sits at 20.66% in year one, and rental yield is 8.21% on a $375,000 entry. Equity gained on principal adds $2,420/yr, while 5% annual appreciation builds toward $103,606 over five years. Five-year ROI reaches 107.46% and total cumulative return in cash sums $133,587. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,566/mo property income rather than buyer’s personal income.
Condo
Built in 1954
1.17 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: Matt Guarro • MG REAL ESTATE GROUP
Mls Name: Stellar MLS
Mls ID: #NS1084838