3700 S Atlantic Ave APT 101New 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
Investment property for sale in New Smyrna Beach at 3700 S Atlantic Ave APT 101, New Smyrna Beach, FL, 32169 earns $42/mo cash flow from $1,502/mo rent with a $1,077/mo payment. Total monthly income totals $1,502/mo, and annual cash flow totals $502/yr on $72,930 capital. ROI tracks 20.6% on current figures, and rental yield reads 8.19% at a $220,000 purchase. Equity gained on principal adds $1,420/yr, and 5% annual appreciation supports $60,782 over five years. Five-year ROI reaches 107.13% and total cumulative return in cash sums $78,131. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,502/mo property income instead of your personal income.
Condo
Built in 1977
1.73 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: Amy Almester • ENGEL & VOLKERS NEW SMYRNA
Mls Name: Stellar MLS
Mls ID: #NS1085745