Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Copied
Photo
Copied
Photo
Photo
Photo
Photo
See all photos

$1,775,000

For Sale - Active
101 Azalea Cir, New Smyrna Beach, FL 32168
3 Beds
3 Baths
1,963 Square Feet
0.65 Acres Lot
Built in 2012
For Sale - Active
Units n/a
Checked: 2 hours ago
Updated: Sep 04, 2025 at 10:13AM

Investment Summary


Monthly Cash Flow
-$7,929
Cap Rate
0.8%
Cash-on-Cash Return
-23.3%
Debt Coverage Ratio
0.13
Internal Rate of Return (5 years)
-18.5%

Property Description


0.65 Acres Lot
Built in 2012
For Sale - Active
Units n/a

Wow! What a view - from Ponce Inlet light house to Diamond Head! This fully renovated waterfront estate, designed by renowned Architect Kevin Schweizer, is in the heart of New Smyrna Beach and waiting for you to call it home. Nestled under historic oaks on +- .65 acres, this private residence stretches along 214 feet of water frontage with only Mother Nature’s stunning views as your eastern neighbor. Dolphins, manatees, sea turtles and shore birds visit daily. The main home was originally built in 1949 but was gutted and completely rebuilt with all new electric, plumbing, insulation and finishes in 2012. It offers 2 bedroom suites, original milled cedar siding, heart pine wood floors and interior doors, a one car garage, and PGT impact windows looking out over the water from an open floor plan living room, dining room and kitchen. A private screened porch off the master bedroom and a newly built approx. 750 sq ft three level deck with gas lines for grilling and an outdoor fire pit provide additional outdoor living space. A separate but attached in-law suite/art studio/guest home was built in 2012 and includes a comfortable bedroom, bathroom, kitchenette and living room along with its own carport and covered porch with water views. In 2020, an oversized 24x24 detached garage was built for all those toys. A 24 gauge metal roof was also installed in 2020 on all structures. Enjoy sunning on the deck or walk a few steps down to the screened boathouse and concrete boat slip set along the waterfront. Feel the breeze and throw a line in the water. Better yet - lower your boat off the lift and take it out to the local canals or the main channel of the river for fishing, boating fun, or dining. A workshop and lean-to for storing lawn equipment plus a kayak stand complete the property. A few features of this one story home include spray foam insulation, custom cherry cabinetry, GE Profile SS appliances, Silestone quartz countertops, paved drive/walkways, gutters with Leaf Filter gutter guards, two on demand Rinnai gas hot water heaters, two HVAC units and a 2018 16 KW whole house generator with transfer switch. Most windows and doors are PGT impact with a fabulous corner window in the kitchen. If you’ve longed to be on the water, you need to see this home in its beautiful natural setting. Walk to Canal Street events and restaurants or take a 7 minute drive to Flagler Avenue and the beach.

Build Your Team


Quickly find investor-friendly professionals who can help you succeed in real estate investing at any stage of the investing journey.

Avatar
Avatar
Avatar

Agents

Match with investor-friendly agents who can help you find, analyze, and close your next deal

Find an Agent
Avatar
Avatar
Avatar

Lenders

Get the best funding…find investor-friendly lenders who specialize in your deal strategy

Find a Lender
Avatar
Avatar
Avatar

Property Managers

Transition to passive investing. Find a trusted property management partnership that lasts.

Find a Property Manager
Avatar
Avatar
Avatar

Tax Pros & Accountants

Taxes and financial reporting made easy—find experts to create tax savings strategies, file taxes, and more

Find a Tax Pro

Location


Property Details


Parking

  • Description: Garage
  • Details: Boat, Driveway, Garage Door Opener, Attached
  • Garage Spaces: 3
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 3
  • # of Baths (Partial): 1
  • # of Baths (Total): 3.0

Interior Features

  • # of Rooms: 6
  • # of Stories: 1
  • Basement Description: Crawl Space

Exterior Features

  • Exterior Walls Materials: Wood Siding
  • Roof Material: Metal

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 74400104008002
  • Lot Size: 28380 sqft

Property Information

  • Property Type: Single Family Residence
  • Year Built: 2012

Tax Information

  • Annual Tax: $6,745

Utilities

  • Water & Sewer: Public
  • Heating: Central, Natural Gas
  • Cooling: Central Air

Location

  • County: Volusia

Listing Details


Listed by:
Wendy Schwoerer
LAND AND SEA REALTY
(386) 314-8509

Source:
Stellar MLS
MLS#: NS1085199
Stellar MLS

Investment Summary


Monthly Cash Flow
-$7,929
Cap Rate
0.8%
Cash-on-Cash Return
-23.3%
Debt Coverage Ratio
0.13
Internal Rate of Return (5 years)
-18.5%

Purchase Details

Find an Agent

Purchase price:
$1,775,000
Amount financed:
-$1,420,000
Down payment:
$355,000
Closing costs:
$53,250
Rehab costs:
$0
Initial cash invested:
$408,250
Square feet:
1,963
Cost per square foot:
$904
Monthly rent per square foot:
$1.27

Financing Details

Find a Lender

Loan amount:
$1,420,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$9,092
Property tax:
$562
Insurance:
$175
Private mortgage insurance (PMI):
$0
Monthly payment:
$9,829

Operating Income

Find a Property Manager

% Rent Monthly Yearly
Gross rent:
$2,500 $30,000
Vacancy loss: (6%)
6% -$150 -$1,800
Operating income:
$2,350 $28,200

Operating Expenses


% Rent Monthly Yearly
Property taxes: (22%)
22%-$562-$6,746
Insurance: (7%)
7%-$175-$2,100
Property management: (8%)
8%-$200-$2,400
Repairs & maintenance: (5%)
5%-$125-$1,500
Capital expenditures: (5%)
5%-$125-$1,500
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (47%)
47%-$1,187-$14,246

Cash Flow


Monthly Yearly
Net operating income:
$1,163 $13,956
Mortgage payments:
-$9,092 -$109,104
Cash flow:
-$7,929 -$95,148