5300 S Atlantic Ave APT 11506New 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 5300 S Atlantic Ave APT 11506, New Smyrna Beach, FL, 32169 uses $131,274 cash to close to unlock $16,432/yr annual cash flow and $1,369/mo monthly cash flow. Total monthly income runs $4,472/mo, and a $1,938/mo payment keeps the spread at $1,369/mo. Purchase price stands at $396,000, and rental yield measures 13.55% with $4,472/mo rent. Return on cash invested shows 32.43% in year one, and 5% annual appreciation builds toward $109,408 over five years. Five-year ROI reaches 172.15% and total cumulative return in cash records $225,992. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,472/mo property income covering a $1,938/mo payment rather than investor’s personal income.
Condo
Built in 2006
N/A lot
$N/A/sqft
$475 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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