5 Riverwalk Dr #503New 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
Investment property for sale in New Smyrna Beach at 5 Riverwalk Dr #503, New Smyrna Beach, FL, 32169 uses $221,746 cash to close to unlock $2,125/yr annual cash flow and $177/mo monthly cash flow. Total monthly income runs $5,400/mo, and a $3,299/mo payment keeps the spread at $177/mo. Purchase price stands at $674,000, and rental yield measures 9.61% with $5,400/mo rent. Return on cash invested shows 21.02% in year one, and 5% annual appreciation builds toward $186,214 over five years. Five-year ROI reaches 110.84% and total cumulative return in cash records $245,785. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,400/mo property income covering a $3,299/mo payment rather than investor’s personal income.
Condo
Built in 2017
0.35 Acres lot
$N/A/sqft
$750 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
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Listed by: Carmell Patterson • Keller Williams Realty At The Parks
Mls Name: DBAMLS
Mls Provider:
Mls ID: #1207858
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.