421 S Atlantic Ave #407New 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 421 S Atlantic Ave #407, New Smyrna Beach, FL, 32169 uses $177,660 cash to close to unlock $13,278/yr annual cash flow and $1,107/mo monthly cash flow. Total monthly income runs $4,690/mo, and a $2,643/mo payment keeps the spread at $1,107/mo. Purchase price stands at $540,000, and rental yield measures 10.42% with $4,690/mo rent. Return on cash invested shows 27.53% in year one, and 5% annual appreciation builds toward $149,192 over five years. Five-year ROI reaches 144.3% and total cumulative return in cash records $256,358. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,690/mo property income covering a $2,643/mo payment rather than investor’s personal income.
Condo
Built in 1984
1.78 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: Timothy Smith • WHITE WHALE REAL ESTATE
Mls Name: Stellar MLS
Mls ID: #NS1084902