5300 S Atlantic Ave #23003 · New Smyrna Beach, FL
Flood risk 9/10 · Severe
- FEMA flood zone
- X (shaded)
- Chance of flooding over 30 yrs
- 0.99%
- Est. flood insurance / yr
- $507 – $1,088
Fire risk 3/10 · Minor
- Est. fire insurance / yr
- $947 – $1,759
Heat risk 9/10 · Severe
- Hot days now (above 105°F)
- 7 days/yr
- Hot days in 30 yrs
- 19 days/yr
Wind risk 10/10 · Severe
- Chance of severe wind over 30 yrs
- 99.0%
Air-quality risk 2/10 · Minimal
- Unhealthy air days now
- 1 days/yr
- Unhealthy air days in 30 yrs
- 1 days/yr
Risk factors via First Street. Map © Google.
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
🖨 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
Neighborhood map
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.
Questions for the listing agent
- 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?
- 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?
- What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
- What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
- 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?
- Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- 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?
- 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?
- 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.
- 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.
- 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
- IRR
- -35.5%
- Equity multiple
- -0.17×
- Total profit
- $-146,811
- Equity at exit
- $67,096
- 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
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
- Lot rent
- −$0
- Vacancy / Maint / Mgmt
- −$702
- Net cashflow
- $-1,286
Break-even live
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
- Club membership (one-time)
- —
- 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
| Address | Beds | Baths | Sqft | Rent | $/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
-
2026-09-24days on market $450,000 Active 173 DOM
-
2026-09-22days on market $450,000 Active 171 DOM
-
2026-09-21days on market $450,000 Active 170 DOM
-
2026-09-20days on market $450,000 Active 169 DOM
-
2026-09-19days on market $450,000 Active 168 DOM
-
2026-09-18days on market $450,000 Active 167 DOM
-
2026-09-17days on market $450,000 Active 166 DOM
-
2026-09-16days on market $450,000 Active 165 DOM
-
2026-09-15days on market $450,000 Active 164 DOM
-
2026-09-14days on market $450,000 Active 163 DOM
-
2026-09-13days on market $450,000 Active 162 DOM
-
2026-09-12days on market $450,000 Active 161 DOM
-
2026-09-11days on market $450,000 Active 160 DOM
-
2026-09-05days on market $450,000 Active 154 DOM
-
2026-09-04days on market $450,000 Active 153 DOM
-
2026-09-03days on market $450,000 Active 152 DOM
-
2026-08-31days on market $450,000 Active 149 DOM
-
2026-08-29days on market $450,000 Active 147 DOM
-
2026-08-28days on market $450,000 Active 146 DOM
-
2026-08-27days on market $450,000 Active 145 DOM
-
2026-08-26days on market $450,000 Active 144 DOM
-
2026-08-25days on market $450,000 Active 143 DOM
-
2026-08-24days on market $450,000 Active 142 DOM
-
2026-08-23days on market $450,000 Active 141 DOM
-
2026-08-21days on market $450,000 Active 139 DOM
-
2026-08-20days on market $450,000 Active 138 DOM
-
2026-08-19days on market $450,000 Active 137 DOM
-
2026-08-18days on market $450,000 Active 136 DOM
-
2026-08-17days on market $450,000 Active 135 DOM
-
2026-08-16days on market $450,000 Active 134 DOM
-
2026-08-15days on market $450,000 Active 133 DOM
-
2026-08-15days on market $450,000 Active 132 DOM
-
2026-08-13days on market $450,000 Active 131 DOM
-
2026-08-12days on market $450,000 Active 130 DOM
-
2026-08-11days on market $450,000 Active 129 DOM
-
2026-08-10days on market $450,000 Active 128 DOM
-
2026-08-09days on market $450,000 Active 127 DOM
-
2026-08-08days on market $450,000 Active 126 DOM
-
2026-08-07days on market $450,000 Active 125 DOM
-
2026-08-06days on market $450,000 Active 124 DOM
-
2026-08-05days on market $450,000 Active 123 DOM
-
2026-08-04days on market $450,000 Active 122 DOM
-
2026-08-03days on market $450,000 Active 121 DOM
-
2026-07-31days on market $450,000 Active 118 DOM
-
2026-07-30days on market $450,000 Active 116 DOM
-
2026-07-28days on market $450,000 Active 115 DOM
-
2026-07-26days on market $450,000 Active 113 DOM
-
2026-07-25days on market $450,000 Active 112 DOM
-
2026-07-24days on market $450,000 Active 111 DOM
-
2026-07-23days 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
Loading sold comps map…
Walkable amenities ~0.75 mi
Loading nearby amenities…
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
- 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
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.
Zoned Schools
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
Livability — New Smyrna Beach
- Score
- 69/100
- State rank
- #474
- US rank
- #8577
Category grades
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
- 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
- —
Market trends
- HPI YoY
- ▼ -297.06%
- Current HPI
- 345.3555
- Rent YoY
- ▲ 5.17%
- Metro
- Deltona-Daytona Beach-Ormond Beach, FL
- State GDP YoY
- ▲ 3.28%
- F500 in state
- 36
Industry mix (Fortune 500 HQ in FL)
| Industry | F500 HQs | Revenue |
|---|---|---|
| Industrial Technology | 2 | $29B |
|
||
| Insurance | 2 | $17B |
|
||
| Retail | 1 | $60B |
|
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| Technology Distribution | 1 | $58B |
|
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| Homebuilding | 1 | $35B |
|
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| Technology Manufacturing | 1 | $35B |
|
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Price history
1 event — show timeline
- 2026-04-04 Listed $450,000 Stellar MLS as Distributed by MLS Grid
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…