4 Riverwalk Dr UNIT 305New Smyrna BeachFL32169
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 UNIT 305, New Smyrna Beach, FL, 32169 listed at $679,000 pairs $5,400/mo rent with a $3,323/mo payment to leave $894/mo cash flow. Total monthly income runs $5,400/mo, and annual cash flow reaches $10,733/yr on $223,391 cash to close. Return on cash invested measures 24.86% in year one, and rental yield registers 9.54% at a $679,000 basis. Equity gained on principal adds $4,381/yr, and annual property appreciation at 5% supports $187,595 by year five. Five-year ROI tracks 129.98% and total cumulative return in cash totals $290,375. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $5,400/mo property income relative to a $3,323/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2019
15,405 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Amy Almester • Engel & Voelkers New Smyrna Beach
Mls Name: DBAMLS
Mls ID: #1217490