573 N Atlantic Ave #5New 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 573 N Atlantic Ave #5, New Smyrna Beach, FL, 32169 earns $493/mo cash flow from $3,864/mo rent with a $2,007/mo payment. Total monthly income totals $3,864/mo, and annual cash flow totals $5,916/yr on $135,907 capital. ROI tracks 24.26% on current figures, and rental yield reads 11.31% at a $409,975 purchase. Equity gained on principal adds $2,646/yr, and 5% annual appreciation supports $113,269 over five years. Five-year ROI reaches 128.84% and total cumulative return in cash sums $175,096. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,864/mo property income instead of your personal income.
Condo
Built in 1966
528 sqft lot
$N/A/sqft
$650 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: Amanda Crostic • KINCAID REALTY
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #O6296051
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