5207 S Atlantic Ave APT 224New 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 5207 S Atlantic Ave APT 224, New Smyrna Beach, FL, 32169 offers a 7.4% rental yield on a $624,900 purchase with $3,851/mo rent. 28% in year one. Equity gained on principal adds $4,032/yr while 5% annual appreciation supports $172,648 over five years. Portfolio math shows five-year ROI at 39.69% and total cumulative return in cash at $81,605. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,851/mo property income against a $3,059/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1986
1.98 Acres lot
$N/A/sqft
$1,637 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: Wendy Schwoerer • LAND AND SEA REALTY
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #NS1085300
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