6544 Engram Rd #E503New 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
Rental property for sale in New Smyrna Beach at 6544 Engram Rd #E503, New Smyrna Beach, FL, 32169 generates $5,009/mo in rent and, after a $2,839/mo payment, leaves $1,160/mo in cash flow. Total monthly income is $5,009/mo, and annual cash flow is $13,918/yr on $190,820 invested. Return on cash invested sits at 27.35% in year one, and rental yield is 10.36% on a $580,000 entry. Equity gained on principal adds $3,743/yr, while 5% annual appreciation builds toward $160,243 over five years. Five-year ROI reaches 143.32% and total cumulative return in cash sums $273,489. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,009/mo property income rather than buyer’s personal income.
Condo
Built in 1991
5.61 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: Kelley DeSoto • OCEAN PROPERTIES & MANAGEMENT
Mls Name: Stellar MLS
Mls ID: #NS1086128