4 Riverwalk Dr #507New 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 4 Riverwalk Dr #507, New Smyrna Beach, FL, 32169 listed at $749,500 pairs $4,426/mo rent with a $3,668/mo payment. Total monthly income runs $4,426/mo. Return on cash invested measures 17.4% in year one, and rental yield registers 7.09% at a $749,500 basis. Equity gained on principal adds $4,836/yr, and annual property appreciation at 5% supports $207,073 by year five. Five-year ROI tracks 89.92% and total cumulative return in cash totals $221,741. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,426/mo property income relative to a $3,668/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2000
N/A 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: Patricia Collado • Collado Real Estate
Mls Name: DBAMLS
Mls ID: #1215651