105 OLD CHERRY LaneEast PalatkaFL32131
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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
Investment property for sale in East Palatka at 105 OLD CHERRY Lane, East Palatka, FL, 32131 uses $53,040 cash to close to unlock $2,380/yr annual cash flow and $198/mo monthly cash flow. Total monthly income runs $1,260/mo, and a $783/mo payment keeps the spread at $198/mo. Purchase price stands at $160,000, and rental yield measures 9.45% with $1,260/mo rent. Return on cash invested shows 24.4% in year one, and 5% annual appreciation builds toward $44,205 over five years. Five-year ROI reaches 127.56% and total cumulative return in cash records $67,658. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,260/mo property income covering a $783/mo payment rather than investor’s personal income.
Manufactured
Built in 2021
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32131, East Palatka, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,148 (100%) |
| Owner Occupied HU | 1,598 (74.4%) |
| Renter Occupied HU | 294 (13.7%) |
| Vacant Housing Units | 256 (11.9%) |
| Median Home Value | $345,878 |
| Average Home Value | $457,164 |
Housing Distribution
Address Breakdown
Residential
1,821
Single Family
1,764
Multi-Family
57
Businesses
148
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Listed by: TINA DUCK • DUCK REALTY INC
Mls Name: realMLS
Mls ID: #2110449