503 N Causeway 1020 NewNew 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 503 N Causeway 1020 New, New Smyrna Beach, FL, 32169 earns from $3,421/mo rent with a $3,059/mo payment. Total monthly income totals $3,421/mo. ROI tracks 15.82% on current figures, and rental yield reads 6.57% at a $625,000 purchase. Equity gained on principal adds $4,033/yr, and 5% annual appreciation supports $172,676 over five years. Five-year ROI reaches 81.49% and total cumulative return in cash sums $167,557. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,421/mo property income instead of your personal income.
Condo
Built in 1983
5.29 Acres 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: Kevin Slabodnik • CHARLES RUTENBERG REALTY ORLANDO
Mls Name: Stellar MLS
Mls ID: #V4944396