5 Riverwalk Dr UNIT 407New Smyrna BeachFL32169
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowFew New Smyrna Beach rentals match the income profile of 5 Riverwalk Dr UNIT 407, New Smyrna Beach, FL, 32169. Listed at $584,000, gross rent is $5,216/mo and net cash flow is $541/mo, a 10.72% yield well above national averages. DSCR 1.99 means Ziffy Mortgage can approve your loan on the property's income alone, bypassing personal income verification. The 5% annual appreciation trend adds $161,348 by year five with $5,379/yr in annual principal reduction, projecting $260,902 in total cumulative return.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.7% | 6.0% |
| Monthly Cash Flow | $541 | $500 |
City averages based on New Smyrna Beach market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $5,216 |
| Total Monthly Debt Service | $4,443 |
| DSCR Ratio | 1.17x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
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
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
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Carmell Patterson • Keller Williams Realty At The Parks
Mls Name: DBAMLS
Mls Provider:
Mls ID: #1205379
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.