607 Glendevon DrNew Smyrna BeachFL32168
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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 607 Glendevon Dr, New Smyrna Beach, FL, 32168 offers a 10.06% rental yield on a $204,000 purchase with $1,710/mo rent. Total monthly income registers $1,710/mo, and a $998/mo payment leaves $234/mo available for distribution. Annual cash flow reaches $2,806/yr on $67,626 to close, and return on cash invested stands at 24.06% in year one. Equity gained on principal adds $1,316/yr while 5% annual appreciation supports $56,361 over five years. Portfolio math shows five-year ROI at 126.47% and total cumulative return in cash at $85,528. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,710/mo property income against a $998/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 1982
1,154 sqft lot
$N/A/sqft
$120 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32168, New Smyrna Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,367 (100%) |
| Owner Occupied HU | 12,739 (69.4%) |
| Renter Occupied HU | 3,324 (18.1%) |
| Vacant Housing Units | 2,304 (12.5%) |
| Median Home Value | $445,255 |
| Average Home Value | $493,608 |
Housing Distribution
Address Breakdown
Residential
16,555
Single Family
15,194
Multi-Family
1,361
Businesses
831
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Listed by: Courtney Pupa • BETTER HMS & GARDENS RE SYNERG
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #NS1082326
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