3700 S Atlantic Ave APT 402New 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 3700 S Atlantic Ave APT 402, New Smyrna Beach, FL, 32169 generates $2,131/mo in rent and, after a $1,248/mo payment, leaves $132/mo in cash flow. Total monthly income is $2,131/mo, and annual cash flow is $1,582/yr on $84,533 invested. Return on cash invested sits at 21.78% in year one, and rental yield is 10.03% on a $255,000 entry. Equity gained on principal adds $1,645/yr, while 5% annual appreciation builds toward $70,452 over five years. Five-year ROI reaches 115.05% and total cumulative return in cash sums $97,256. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,131/mo property income rather than buyer’s personal income.
Condo
Built in 1977
1.73 Acres lot
$N/A/sqft
$300 monthly 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: Stefanie Santiago • ANN TITUS
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #NS1082059
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. Some IDX listings have been excluded from this website. Listing Information presented by local MLS brokerage: Zillow, Inc - (407) 904-3511