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$264,900

Sale Pending
121 Ellison Ave, New Smyrna Beach, FL 32168
3 Beds
2 Baths
1,216 Square Feet
0.23 Acres Lot
Built in 1957
Sale Pending
1 Units
Checked: 13 hours ago
Updated: Jul 31, 2025 at 03:07AM

Investment Summary


Monthly Cash Flow
$27
Cap Rate
6.3%
Cash-on-Cash Return
0.5%
Debt Coverage Ratio
1.02
Internal Rate of Return (5 years)
4.5%

Property Description


0.23 Acres Lot
Built in 1957
Sale Pending
1 Units

Under contract-accepting backup offers. Step inside this beautifully remodeled home where classic charm meets mid-century modern style. You’ll immediately fall in love with the refinished terrazzo floors and open, airy floor plan. The updated kitchen features crisp white cabinetry with tons of storage, a pantry with convenient pull-out shelves, solid surface countertops, and a bold geometric tile backsplash that ties it all together. Plus—all new stainless steel appliances! Kitchen opens to living room allowing for conversation with your guests and family! Just off the kitchen, the versatile Florida room is ideal for a home office, art studio, playroom, or whatever suits your lifestyle. It stays comfortable year-round thanks to its own dedicated mini-split system and also includes the indoor laundry area for added convenience. All three bedrooms offer ample space, and the updated bathrooms feature stylish slatted wood vanities with soft-close drawers—continuing the mid-century modern aesthetic throughout. Additional updates include: Newer metal roof, Double-pane PVC framed windows, All new interior & exterior doors, 8x12 storage shed and Fully fenced backyard. All this in a prime location—just minutes to shopping, dining, groceries, and of course… the BEACH!

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Location


Property Details


Parking

  • Description: Carport
  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 2.0

Interior Features

  • # of Rooms: 7
  • # of Stories: 1

Exterior Features

  • Exterior Walls Materials: Concrete
  • Foundation: Slab
  • Roof Material: Metal

Land Information

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

Lot Information

  • Parcel ID: 734303000200
  • Lot Size: 10080 sqft

Property Information

  • Property Type: Single Family Residence
  • Year Built: 1957

Tax Information

  • Annual Tax: $1,602

Utilities

  • Water & Sewer: Public
  • Heating: Central
  • Cooling: Central Air

Location

  • County: Volusia

Listing Details


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

Source:
Stellar MLS
MLS#: NS1084586
Stellar MLS

Investment Summary


Monthly Cash Flow
$27
Cap Rate
6.3%
Cash-on-Cash Return
0.5%
Debt Coverage Ratio
1.02
Internal Rate of Return (5 years)
4.5%

Purchase Details

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Purchase price:
$264,900
Amount financed:
-$211,920
Down payment:
$52,980
Closing costs:
$7,947
Rehab costs:
$0
Initial cash invested:
$60,927
Square feet:
1,216
Cost per square foot:
$218
Monthly rent per square foot:
$1.81

Financing Details

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Loan amount:
$211,920
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$1,357
Property tax:
$134
Insurance:
$154
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,645

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,200 $26,400
Vacancy loss: (6%)
6% -$132 -$1,584
Operating income:
$2,068 $24,816

Operating Expenses


% Rent Monthly Yearly
Property taxes: (6%)
6%-$134-$1,602
Insurance: (7%)
7%-$154-$1,848
Property management: (8%)
8%-$176-$2,112
Repairs & maintenance: (5%)
5%-$110-$1,320
Capital expenditures: (5%)
5%-$110-$1,320
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (31%)
31%-$684-$8,202

Cash Flow


Monthly Yearly
Net operating income:
$1,384 $16,608
Mortgage payments:
-$1,357 -$16,284
Cash flow:
$27 $324