424 Luna Bella Ln APT 433New Smyrna BeachFL32168
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
Rental property for sale in New Smyrna Beach at 424 Luna Bella Ln APT 433, New Smyrna Beach, FL, 32168 priced at $328,600 converts $2,530/mo rent into $350/mo cash flow after a $1,608/mo obligation. Total monthly income equals $2,530/mo, and annual cash flow totals $4,196/yr on $108,931 invested. Return on cash invested prints 23.76% in year one, and rental yield reads 9.24% against a $328,600 entry. Equity gained on principal adds $2,120/yr, while 5% annual appreciation compiles into $90,786 by year five. Five-year ROI reaches 124.09% and total cumulative return in cash sums $135,171. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,530/mo property income covering a $1,608/mo payment, not borrower’s personal income.
Apartment
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32168, New Smyrna Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,367 (100%) |
| Owner Occupied HU | 12,739 (69.4%) |
| Renter Occupied HU | 3,324 (18.1%) |
| Vacant Housing Units | 2,304 (12.5%) |
| Median Home Value | $445,255 |
| Average Home Value | $493,608 |
Housing Distribution
Address Breakdown
Residential
16,555
Single Family
15,194
Multi-Family
1,361
Businesses
831
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: Zillow Rentals
Mls ID: #N/A