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5300 S Atlantic Ave #23003
D- Composite 37.89
Why this score? — see what drove the D- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

  • ARV discount +15.0/15.0
  • Schools +5.3/10.0
  • Cash flow +4.2/30.0
  • Rent growth +3.8/5.0
  • Condition / age +3.8/5.0
  • Livability +3.5/5.0
  • 1% rule +2.4/10.0
  • DSCR +0.0/10.0
  • Appreciation +0.0/10.0

$450,000

5300 S Atlantic Ave #23003 · New Smyrna Beach, FL 32169
3 bd · 2.0 ba · 1,601 sqft · Condo · 173 Days on market
Built 2004 Good condition Garage $281/sqft · 19% below area Est $555k · 19% under $750/mo HOA · 22% of rent

🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence

Listing remarks

This move-in-ready condo delivers effortless beachside living in one package! Coastal living in a beautifully maintained, gated, resort-style community with an exceptional array of amenities. Private access to the beach, year-round heated pools, spas, fitness rooms, sauna, tennis, basketball and more. Secure underground parking, scenic nature trail, and community activities for those interested in socializing. Clubhouse entertainment options with BBQ, full kitchen/bar. This spacious 3-bedroom, 2-bath unit offers a luxury master suite with direct balcony access, ensuite bathroom with walk-in shower, jacuzzi, dual vanities, and a large walk-in closet.

Key facts

  • Gated community
  • Beachside living
  • Fitness rooms

Tags

BEACHSIDE LIVINGGATED COMMUNITYPRIVATE ACCESS TO THE BEACHYEAR-ROUND HEATED POOLSFITNESS ROOMSSECURE UNDERGROUND PARKING

Neighborhood map

Property Rental comp Retail Costco Walmart Transit Schools Stadiums Fortune 500 · Circle radius: 6.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 3-bed/2.0-bath condo listed at $450k. Condition is rated good.

Deal economics

  • At list price, monthly cash flow is $-1k ($-15k/yr) — negative.
  • To cash-flow at today's rent, offer at most $264k (41.3% below list).
  • To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $334k (25.7% below list).
  • Recommended offer: $264k (41.3% below list) — sets the bar for cash-flow.

Location & tenants

  • Location reads 69/100 on livability (#474 in FL) — a middle-class / working-renter tenant base. Strengths: crime A+, housing A+, employment B; Watch: amenities F, commute F, health & safety D-.
  • Volusia (suburban): math 44% / reading 49% proficiency, ranked #47 of 73 in FL (top 64%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
  • Zoned schools: Coronado Beach Elementary School (math 67% / reading 77%, grade A-, #288 of 2,144 statewide, top 15%, 223 students, 36% FRL); New Smyrna Beach Middle School (math 43% / reading 43%, grade D-, #331 of 571 statewide, top 59%, 1,037 students, 53% FRL); New Smyrna Beach High School (math 34% / reading 52%, grade F, #255 of 667 statewide, top 39%, 1,810 students, 41% FRL).
  • Market conditions: Rents rising fast (+5.2%/yr); 641 active listings in the ZIP; 13 comparable units currently listed for rent nearby; rentals lingering (median 63d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 54% of comp listings sitting > 30 days — soft ceiling on asking rent; high-income renter base; 3,402 units permitted in Volusia County in 2024 (681 in 5+ unit buildings).
  • This rent runs 36% of the median local income ($111k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

  • Local home prices are declining (-3.0%/yr); year-one equity from $3k of loan paydown is wiped out by about $14k of value loss. Plan a longer hold.
  • Volusia County population projected at +19% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

  • It's been on market 173 days — a 12% lower offer ($396k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

  • Watch-outs: flood insurance adds $66/mo; HOA is 22% of rent.
  • Climate carrying-cost: severe flood risk; severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.
Recommended offer $263,929 (41.3% below list)

Questions for the listing agent

  1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
  2. It's been on market 173 days. Have you received any prior offers? Is the seller open to a 41% concession, seller financing, or rate buy-down credit?
  3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
  4. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
  5. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
  6. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
  7. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
  8. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
  9. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
  10. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
  11. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
  12. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

1% rule
0.74%
Cap rate
3.04%
Cash-on-cash
-11.61%
DSCR
0.48
GRM
11.2

CMA / ARV

ARV (median comp)
$555,000
List price
$450,000
Delta
-18.92%
Verdict
UNDERPRICED
Comps
10 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
Address Dist Beds/Ba Sqft Sold Price $/sf Match
5300 S Atlantic Ave Unit 7-403 0.22mi 3/2.0 1,601 (0%) 0mo $355,000 $222 89
5300 S Atlantic Ave Unit 19-504 0.00mi 3/2.0 1,698 (+6%) 1mo $500,000 $294 89
5207 S Atlantic Ave #321 0.17mi 3/2.0 1,517 (-5%) 0mo $690,000 $455 83
5300 S Atlantic Ave Unit 6-402 0.00mi 2/2.0 (-1) 1,409 (-12%) 0mo $363,500 $258 75
5300 S Atlantic Ave Unit 6-502 0.00mi 2/2.0 (-1) 1,389 (-13%) 1mo $350,000 $252 72
5499 S Atlantic Ave #1004 0.21mi 2/2.0 (-1) 1,352 (-16%) 1mo $720,000 $533 60
4610 Doris Dr 1.27mi 3/2.0 1,698 (+6%) 1mo $555,000 $327 54
4865 S Atlantic Ave #2060 0.36mi 2/2.0 (-1) 1,200 (-25%) 1mo $686,500 $572 52
6367 Turtlemound Rd 1.31mi 3/2.0 1,944 (+21%) 1mo $493,638 $254 39
6396 S Atlantic Ave 1.37mi 3/2.0 1,974 (+23%) 2mo $1,600,000 $811 39
4607 Saxon Dr 1.31mi 2/2.5 (-1) 1,866 (+17%) 2mo $540,000 $289 32
4644 Van Kleeck Dr 1.02mi 2/3.0 (-1) 2,000 (+25%) 1mo $1,250,000 $625 30

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 5.17% rent growth · sell at horizon

5-year hold
IRR
-35.5%
Equity multiple
-0.17×
Total profit
$-146,811
Equity at exit
$67,096
10-year hold
IRR
-31.6%
Equity multiple
-0.58×
Total profit
$-199,074
Equity at exit
$38,908

Cash invested: $126,000 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

Overall (STATE)
87 Strongly Landlord-Friendly
State Florida
87 Strongly Landlord-Friendly · R+3
County
— inherits STATE
City
— inherits STATE
3-day pay-or-quit; preempts local rent control; landlord-friendly statutes. Court speed varies by county.

Active competition Active MLS

For sale now
5 active · 1 under contract
Median asking
$433,000 ($284/sqft)
Median days on market
236 d
This list price
60% of active listings are priced below it
ARV vs active asking
+22.1% above current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 32169

Rents YoY
5.2%
Active inventory
641
Price-to-rent
11.2×

Monthly cashflow live

Estimated rent
$3,342 high interval (Pro) →
Mortgage (P&I)
$2,360
Tax est. 1.5%
$562 /mo · $6,750/yr
Insurance
$188
Flood insurance flood zone
−$66 /mo · $798/yr
HOA
$750
Vacancy / Maint / Mgmt
$702
Net cashflow
$-1,286

Break-even live

Break-even rent $4,970
Max offer price $263,929
Occupancy floor

Sensitivity live

Price -10% $-975 -5% $-1,130 +0% $-1,286 +5% $-1,441 +10% $-1,597
Rent -10% $-1,550 -5% $-1,418 +0% $-1,286 +5% $-1,154 +10% $-1,022
Rate -1.0pp $-1,059 -0.5pp $-1,171 base $-1,286 +0.5pp $-1,403 +1.0pp $-1,521

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

Down payment
$112,500
Closing costs
$13,500
Reserves months
Total cash needed

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Short-term bridge; refi at stabilization.

Rent comps 13 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
5300 S Atlantic Ave Unit AVENUE3-503 New Smyrna Beach, FL 3.0 2.0 1601 $2,800 $1.75 0d 1 0.02mi
5300 S Atlantic Ave Unit 4-302 New Smyrna Beach, FL 2.0 2.0 1389 $3,800 $2.74 62d 1 0.02mi
5300 S Atlantic Ave Unit Av12207 New Smyrna Beach, FL 3.0 2.0 1731 $3,500 $2.02 6d 1 0.02mi
5300 S Atlantic Ave New Smyrna Beach, FL 2.0 2.0 1260 $2,300 $1.83 6d 1 0.02mi
5300 S Atlantic Ave New Smyrna Beach, FL 3.0 2.0 1698 $4,500 $2.65 4d 1 0.02mi
5300 S Atlantic Ave Unit 12-207 New Smyrna Beach, FL 3.0 2.0 1768 $2,995 $1.69 2d 1 0.02mi
5300 S Atlantic Ave New Smyrna Beach, FL 2.0 2.0 1389 $3,500 $2.52 119d 1 0.02mi
5300 S Atlantic Ave Unit 9-206 New Smyrna Beach, FL 2.0 2.0 1583 $2,200 $1.39 119d 1 0.02mi
5300 S Atlantic Ave Unit 3502 New Smyrna Beach, FL 2.0 2.0 1389 $3,600 $2.59 119d 1 0.02mi
5301 S Atlantic Ave Apt 73 New Smyrna Beach, FL 2.0 2.0 1139 $6,000 $5.27 119d 1 0.15mi
5207 S Atlantic Ave New Smyrna Beach, FL 2.0 2.0 1350 $4,100 $3.04 119d 1 0.16mi
50 Oak Tree Dr New Smyrna Beach, FL 3.0 2.0 1200 $3,200 $2.67 6d 1 0.88mi
6343 Turtlemound Rd New Smyrna Beach, FL 3.0 2.0 1756 $5,000 $2.85 119d 1 1.29mi

Property features AI

Finance

Other
Unit is furnishedLiving area approximately 1,601 sq ftLot acreage listed as 1/2 to less than 1 acre (approx. 0.58 acre)
Financial info
Total annual fees approximately $9,000No lease restrictions indicated
HOA & community
Association: Ocean WalkMonthly condo/HOA fee $750 (includes water, sewer, trash)Community clubhouseOn-site dog parkFitness centerPets allowed (dogs OK), max pet weight ~10 lbs

Exterior

Parking
Attached garage
Utilities
Public waterPublic sewerCable connectedElectricity connectedWater connectedSewer connected
Home design
Residential condominiumLocated on 3rd floorFaces northeast6-story buildingThree or more levels in building
Construction
Block constructionMembrane roofBuilt on slab foundationBuilding contains multiple units (Building number 2)
Exterior features
BalconyExterior lightingSidewalksAsphalt road access

Interior

Kitchen
DishwasherRange hoodRefrigerator
Bedrooms
3 bedrooms
Flooring
TileSlab foundation
Bathrooms
2 full bathrooms
Heating & cooling
Central heatingCentral air conditioning
Interior features
Ceiling fansElevator in building
Laundry & utility
Laundry closetWasher and dryer included (appliances listed include dryer)

HOA detail $750/mo · $9,000/yr condo

Likely covers
poolsecurity
Assessments
None detected in remarks — confirm with the listing agent.

Listing history 50 events

  1. 2026-09-24
    days on market $450,000 Active 173 DOM
  2. 2026-09-22
    days on market $450,000 Active 171 DOM
  3. 2026-09-21
    days on market $450,000 Active 170 DOM
  4. 2026-09-20
    days on market $450,000 Active 169 DOM
  5. 2026-09-19
    days on market $450,000 Active 168 DOM
  6. 2026-09-18
    days on market $450,000 Active 167 DOM
  7. 2026-09-17
    days on market $450,000 Active 166 DOM
  8. 2026-09-16
    days on market $450,000 Active 165 DOM
  9. 2026-09-15
    days on market $450,000 Active 164 DOM
  10. 2026-09-14
    days on market $450,000 Active 163 DOM
  11. 2026-09-13
    days on market $450,000 Active 162 DOM
  12. 2026-09-12
    days on market $450,000 Active 161 DOM
  13. 2026-09-11
    days on market $450,000 Active 160 DOM
  14. 2026-09-05
    days on market $450,000 Active 154 DOM
  15. 2026-09-04
    days on market $450,000 Active 153 DOM
  16. 2026-09-03
    days on market $450,000 Active 152 DOM
  17. 2026-08-31
    days on market $450,000 Active 149 DOM
  18. 2026-08-29
    days on market $450,000 Active 147 DOM
  19. 2026-08-28
    days on market $450,000 Active 146 DOM
  20. 2026-08-27
    days on market $450,000 Active 145 DOM
  21. 2026-08-26
    days on market $450,000 Active 144 DOM
  22. 2026-08-25
    days on market $450,000 Active 143 DOM
  23. 2026-08-24
    days on market $450,000 Active 142 DOM
  24. 2026-08-23
    days on market $450,000 Active 141 DOM
  25. 2026-08-21
    days on market $450,000 Active 139 DOM
  26. 2026-08-20
    days on market $450,000 Active 138 DOM
  27. 2026-08-19
    days on market $450,000 Active 137 DOM
  28. 2026-08-18
    days on market $450,000 Active 136 DOM
  29. 2026-08-17
    days on market $450,000 Active 135 DOM
  30. 2026-08-16
    days on market $450,000 Active 134 DOM
  31. 2026-08-15
    days on market $450,000 Active 133 DOM
  32. 2026-08-15
    days on market $450,000 Active 132 DOM
  33. 2026-08-13
    days on market $450,000 Active 131 DOM
  34. 2026-08-12
    days on market $450,000 Active 130 DOM
  35. 2026-08-11
    days on market $450,000 Active 129 DOM
  36. 2026-08-10
    days on market $450,000 Active 128 DOM
  37. 2026-08-09
    days on market $450,000 Active 127 DOM
  38. 2026-08-08
    days on market $450,000 Active 126 DOM
  39. 2026-08-07
    days on market $450,000 Active 125 DOM
  40. 2026-08-06
    days on market $450,000 Active 124 DOM
  41. 2026-08-05
    days on market $450,000 Active 123 DOM
  42. 2026-08-04
    days on market $450,000 Active 122 DOM
  43. 2026-08-03
    days on market $450,000 Active 121 DOM
  44. 2026-07-31
    days on market $450,000 Active 118 DOM
  45. 2026-07-30
    days on market $450,000 Active 116 DOM
  46. 2026-07-28
    days on market $450,000 Active 115 DOM
  47. 2026-07-26
    days on market $450,000 Active 113 DOM
  48. 2026-07-25
    days on market $450,000 Active 112 DOM
  49. 2026-07-24
    days on market $450,000 Active 111 DOM
  50. 2026-07-23
    days on market $450,000 Active 110 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

  • 🌊 Flood 9/10 Extreme FEMA zone X (shaded) · 99% chance over 30 yrs
  • 🔥 Wildfire 3/10 Moderate
  • 🌡 Heat 9/10 Extreme 7 d/yr ≥105°F today · 19 d/yr by 30 yrs out
  • 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
  • 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Nearby sold comps map

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Walkable amenities ~0.75 mi

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Taxation est. · year 1

Rental income
$40,107
− Mortgage interest
−$25,207
− Property taxes
−$6,750
− Insurance
−$3,048
− Repairs & maintenance
−$3,209
− Management
−$3,209
− HOA
−$9,000
− Depreciation
−$13,091
Taxable loss
−$23,405
combined federal + state — saved on this device
Est. tax savings @ 24.0%
+$5,617
After-tax cash flow
$-9,814/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Condition & rehab AI · 12 photos

Good 75/100 Cosmetic rehab Est. rehab $8,005–$24,015 screening

This move-in-ready condo offers a good condition with minor repairs needed, making it an excellent investment opportunity with high ROI.

Repairs flagged

  • Minor Kitchen cabinets — Slight wear and tear visible.
  • Minor Bathroom walls — Some discoloration present.
  • Minor Living room tile — Some wear and tear visible on the tile.

Value-add opportunities

  • Both Paint touch-ups — Fresh paint enhances curb appeal and interior aesthetics.
  • Both Deep cleaning — A clean interior and exterior improve the home's appeal.
  • Both Replace worn-out flooring — New flooring in living areas will improve the home's value and appeal to potential buyers/renters.

ⓘ Rehab cost is a screening estimate — Cosmetic scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

D Composite school gradezoned avg 53/100

Zoned Schools

Elementary Coronado Beach Elementary School A- FL #288/2,144 Nat'l #2,792/41,679 Middle New Smyrna Beach Middle School D- FL #331/571 Nat'l #5,160/14,009 High New Smyrna Beach High School F FL #255/667 Nat'l #7,439/17,239

Schools (NCES district)

District
Volusia
NCES district ID
1201920
Math proficiency
44% ▼ -9.00%
Reading proficiency
49% ▼ -3.00%
Median HH income
$42,946
Composite
39.2/100
National rank
#4019
State rank
#47 of 73 in FL
C Composite livability gradescore 69/100

Livability — New Smyrna Beach

Score
69/100
State rank
#474
US rank
#8577

Category grades

Amenities F Commute F Cost of living C+ Crime A+ Employment B Housing A+ Health & safety D- User ratings A+

Schools grade is shown separately in the Schools card above.

Census & demographics

County
Volusia County · 572,749 people
City population
42,039
Metro
Deltona-Daytona Beach-Ormond Beach, FL
Population (ZIP)
10,192
Household income
$110,968
Rent vs Own
11.8% rent · 88.2% own
Severe rent burden
15% of renters

Population outlook (Volusia County) Hauer SSP2

Today (2025)
572,749 people
By 2030
598,695 · +4.5%
By 2040
644,880 · +12.6%
By 2050
681,451 · +19.0%
By 2075
759,957 · +32.7%
By 2100
778,902 · +36.0%

Race, ethnicity, and origin ACS 2023

Neighborhood character
Predominantly White (91%)
Race & ethnicity
White 91% Two or more races 5% Hispanic / Latino 5% Asian 1%
Hispanic origin (detail)
Common ancestry
Romanian 4% Lithuanian 4% Italian 3%
Foreign-born
7% · Canada, South Korea
Languages at home
96% English-only · Spanish 2% Other Indo-European 1%

Political lean MEDSL · Volusia

2024 margin
Strong R (+21.8) · D 38.7% · R 60.5%
2008→2024 swing
-27.4pp toward R · 2008: 5.7pp · 2024: -21.8pp
All cycles
2024: R+21.8 2020: R+14.1 2016: R+13.1 2012: R+1.2 2008: D+5.7

Not yet ingested

Civics

Price history

1 event — show timeline
  • 2026-04-04 Listed $450,000 Stellar MLS as Distributed by MLS Grid

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

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