466 Bouchelle Dr APT 202New Smyrna BeachFL32169
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 466 Bouchelle Dr APT 202, New Smyrna Beach, FL, 32169 priced at $292,000 converts $2,030/mo rent into after a $1,429/mo obligation. Total monthly income equals $2,030/mo. Return on cash invested prints 11.5% in year one, and rental yield reads 8.34% against a $292,000 entry. Equity gained on principal adds $1,884/yr, while 5% annual appreciation compiles into $80,674 by year five. Five-year ROI reaches 61.81% and total cumulative return in cash sums $59,828. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,030/mo property income covering a $1,429/mo payment, not borrower’s personal income.
Condo
Built in 1989
8,292 sqft lot
$N/A/sqft
$771 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Michelle Richardson • KELLER WILLIAMS CLASSIC
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #O6195297
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Some IDX listings have been excluded from this website. Listing Information presented by local MLS brokerage: Zillow, Inc - (407) 904-3511