6584 Engram Rd #D504New Smyrna BeachFL32169
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 6584 Engram Rd #D504, New Smyrna Beach, FL, 32169 listed at $695,000 pairs $3,553/mo rent with a $3,402/mo payment. Total monthly income runs $3,553/mo. Return on cash invested measures 7.14% in year one, and rental yield registers 6.13% at a $695,000 basis. Equity gained on principal adds $4,485/yr, and annual property appreciation at 5% supports $192,016 by year five. Five-year ROI tracks 37.61% and total cumulative return in cash totals $85,986. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,553/mo property income relative to a $3,402/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1991
5.61 Acres lot
$N/A/sqft
$1,162 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kelley Desoto • Ocean Properties and Mgmt., Inc.
Mls Name: DBAMLS
Mls Provider:
Mls ID: #1210921
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.