462 Bouchelle Dr APT 104New 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 462 Bouchelle Dr APT 104, New Smyrna Beach, FL, 32169 priced at $429,900 converts $3,746/mo rent into $893/mo cash flow after a $2,104/mo obligation. Total monthly income equals $3,746/mo, and annual cash flow totals $10,719/yr on $142,512 invested. Return on cash invested prints 27.43% in year one, and rental yield reads 10.46% against a $429,900 entry. Equity gained on principal adds $2,774/yr, while 5% annual appreciation compiles into $118,773 by year five. Five-year ROI reaches 143.78% and total cumulative return in cash sums $204,907. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,746/mo property income covering a $2,104/mo payment, not borrower’s personal income.
Condo
Built in 1989
N/A 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: Tammi DelaHoz • Gaff's Realty Company
Mls Name: DBAMLS
Mls ID: #1218781