456 Bouchelle Dr APT 103New 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
Rental property for sale in New Smyrna Beach at 456 Bouchelle Dr APT 103, New Smyrna Beach, FL, 32169 generates $4,290/mo in rent and, after a $2,238/mo payment, leaves $1,256/mo in cash flow. Total monthly income is $4,290/mo, and annual cash flow is $15,066/yr on $151,595 invested. Return on cash invested sits at 29.85% in year one, and rental yield is 11.26% on a $457,300 entry. Equity gained on principal adds $2,951/yr, while 5% annual appreciation builds toward $126,344 over five years. Five-year ROI reaches 156.73% and total cumulative return in cash sums $237,594. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,290/mo property income rather than buyer’s personal income.
Condo
Built in 1989
8,712 sqft 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: N/A • N/A
Mls Name: The Keyes Company/Realtors
Mls Provider:
Mls ID: #NS1081880