85 Heather Point CtNew 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 85 Heather Point Ct, New Smyrna Beach, FL, 32169 uses $134,258 cash to close to unlock $8,767/yr annual cash flow and $731/mo monthly cash flow. Total monthly income runs $3,418/mo, and a $1,982/mo payment keeps the spread at $731/mo. Purchase price stands at $405,000, and rental yield measures 10.13% with $3,418/mo rent. Return on cash invested shows 26.44% in year one, and 5% annual appreciation builds toward $111,894 over five years. Five-year ROI reaches 138.45% and total cumulative return in cash records $185,882. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,418/mo property income covering a $1,982/mo payment rather than investor’s personal income.
Condo
Built in 1986
871.20 sqft lot
$N/A/sqft
$480 voluntary 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: Stephen Hachey • Flat Fee MLS Realty
Mls Name: DBAMLS
Mls Provider:
Mls ID: #1212204
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.