438 Pink Coral LnNew Smyrna BeachFL32168
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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 438 Pink Coral Ln, New Smyrna Beach, FL, 32168 priced at $359,000 pairs $2,768/mo rent with $386/mo cash flow after a $1,757/mo payment. Total monthly income equals $2,768/mo, and annual cash flow comes to $4,629/yr on $119,009 invested. Return on cash invested is 23.8% in year one, and rental yield stands at 9.25% on a $359,000 basis. Equity gained on principal adds $2,317/yr, and 5% annual appreciation accumulates to $99,185 by year five. Five-year ROI measures 124.28% and total cumulative return in cash reaches $147,907. For financing, Ziffy Mortgage’s DSCR program evaluates $2,768/mo property income against a $1,757/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2016
5,500 sqft 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
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Listed by: Lindsey Baldwin • MAGNOLIA PROPERTIES
Mls Name: Stellar MLS
Mls ID: #NS1085845