104 E Palmetto StPalatkaFL32177
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Palatka at 104 E Palmetto St, Palatka, FL, 32177 priced at $184,500 pairs $1,624/mo rent with $400/mo cash flow after a $903/mo payment. Total monthly income equals $1,624/mo, and annual cash flow comes to $4,796/yr on $61,162 invested. Return on cash invested is 27.75% in year one, and rental yield stands at 10.56% on a $184,500 basis. Equity gained on principal adds $1,191/yr, and 5% annual appreciation accumulates to $50,974 by year five. Five-year ROI measures 145.52% and total cumulative return in cash reaches $89,006. For financing, Ziffy Mortgage’s DSCR program evaluates $1,624/mo property income against a $903/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1984
0.65 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32177, Palatka, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,930 (100%) |
| Owner Occupied HU | 7,125 (59.7%) |
| Renter Occupied HU | 3,553 (29.8%) |
| Vacant Housing Units | 1,252 (10.5%) |
| Median Home Value | $196,865 |
| Average Home Value | $299,967 |
Housing Distribution
Address Breakdown
Residential
10,671
Single Family
9,986
Multi-Family
685
Businesses
926
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