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New Smyrna Beach, FL Investment Data and Rental Metrics
Investment Data & Rental Metrics
LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$2,413
Monthly Cash Flow
-$256
Principal + Equity
$2,976
Annual Total Gain
$32,636
Cash on Cash
-2.73%
Net ROI %
STR Financial Performance
Median Price
Avg. Daily Rate
$251
Occupancy Rate
58.06%
Monthly Revenue
$3,121
Monthly Cash Flow
-$16
Principal + Equity
$2,976
Annual Total Gain
$35,517
Cash on Cash %
-0.17%
Net ROI %
Market Health & Growth
Median Income
$78,373
Population
31,212
LTR Renter %
22.25%
Forecast (1 yr)
0.5%
Appreciation (1 yr)
-4.57%
Appreciation (5 yr)
45.47%
Appreciation (10 yr)
97.19%
Job Growth
7.78%
LTR Rentability
Very High
STR Demand
60
STR Rentals
2,546
Top Public Schools
A-Spruce Creek High School
BCypress Creek Elementary School
B
B
B
Market Grades and Information
Best Places to Live Ranking
Public school quality, cost of living, commute, and lifestyle ratings.
B
Overall
Top-level market grade
Best Places to Retire in Florida
#168out of 660 markets
Best Places for Young Professionals in Florida
#592out of 1195 markets
Places with the Best Public Schools in Florida
#415out of 660 markets
B-
Public School
C
Crime And Safety
C
Housing
B
Nightlife
B-
Good For Families
Diversity
Jobs
Weather
Cost Of Living
Health And Fitness
Outdoor Activities
Commute
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in New Smyrna Beach, FL.
New Smyrna Beach, FL has specific regulations in place for Short Term Rentals (STRs) that investors should be aware of before purchasing a property for this purpose. Some key regulations include:
1. Zoning Restrictions: New Smyrna Beach has specific zoning regulations that dictate where STRs are allowed to operate. Investors should ensure that the property they are considering purchasing is located in an area that is zoned for short term rentals.
2. Licensing and Permits: In order to operate a STR in New Smyrna Beach, investors must obtain the necessary licenses and permits from the city. This may include a business tax receipt, a short term rental permit, and a resort dwelling license.
3. Occupancy Limits: New Smyrna Beach has occupancy limits for STRs that investors must adhere to. These limits vary depending on the size of the property and the number of bedrooms.
4. Noise and Nuisance Regulations: Investors should be aware of noise and nuisance regulations in New Smyrna Beach that may impact the operation of their STR. This includes restrictions on loud parties, excessive noise, and other disturbances.
5. Safety and Building Code Compliance: Investors should ensure that their property meets all safety and building code requirements in New Smyrna Beach. This may include fire safety measures, smoke detectors, and other safety features.
6. Taxation: Investors should be aware of the tax implications of operating a STR in New Smyrna Beach. This may include occupancy taxes, sales taxes, and other taxes that must be collected and remitted to the city.
By being aware of these regulations and requirements, investors can ensure that they are in compliance with the law and can operate their STR successfully in New Smyrna Beach. It is recommended that investors consult with a local real estate attorney or property management company familiar with the regulations in the area before making a purchase.
Market Trends Over Time
Explore 25 years of market data for New Smyrna Beach, FL, including median property prices, long-term rental rates, and days on market — identify growth potential and gauge market stability.
Median Price
Median Rent
Days on Market
Nearest Markets
Explore nearby investment markets close to New Smyrna Beach, FL.
The LTR Genie Score of New Smyrna Beach, FL is 73, indicating a high level of attractiveness for long-term rental investment. This is supported by the very high LTR Rentability and a solid LTR Net ROI of 29.05%. On the other hand, the STR Genie Score of 66 suggests that short-term rental investment may also be viable in this market, with a slightly higher STR Net ROI of 31.62%. The 1-Year Price Appreciation Forecast of 0.5% indicates potential for property value growth in the near future.
New Smyrna Beach, FL is a popular beach town known for its beautiful sandy beaches, great surfing spots, and charming downtown area. The area attracts tourists and snowbirds looking for a relaxing coastal getaway, making it a desirable location for both long-term and short-term rental investments.
Overall, New Smyrna Beach, FL appears to be a promising market for real estate investors, with opportunities for both long-term and short-term rental investments. Investors may consider diversifying their portfolio by exploring both rental strategies in this market to maximize returns.