701 N Atlantic Ave APT 202New 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
Total monthly income runs $6,036/mo, and a $4,874/mo payment. Purchase price stands at $995,900, and rental yield measures 7.27% with $6,036/mo rent. Return on cash invested shows 7.6% in year one, and 5% annual appreciation builds toward $275,149 over five years. Five-year ROI reaches 41.14% and total cumulative return in cash records $134,796. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $6,036/mo property income covering a $4,874/mo payment rather than investor’s personal income.
Condo
Built in 2006
1.12 Acres lot
$N/A/sqft
$2,234 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: Amy Almester • Engel & Voelkers New Smyrna Beach
Mls Name: DBAMLS
Mls Provider:
Mls ID: #1204341
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.