117 Waldon Rd EEast PalatkaFL32131
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 117 Waldon Rd E, East Palatka, FL, 32131 uses $80,853 cash to close to unlock $18,015/yr annual cash flow and $1,501/mo monthly cash flow. Total monthly income runs $3,120/mo, and a $1,194/mo payment keeps the spread at $1,501/mo. Purchase price stands at $243,900, and rental yield measures 15.35% with $3,120/mo rent. Return on cash invested shows 42.19% in year one, and 5% annual appreciation builds toward $67,385 over five years. Five-year ROI reaches 222.94% and total cumulative return in cash records $180,255. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,120/mo property income covering a $1,194/mo payment rather than investor’s personal income.
Single Family
Built in 1955
0.37 Acres 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: Cydney Colson • Coldwell Banker Premier Properties
Mls Name: St Augustine St Johns County BOR
Mls Provider:
Mls ID: #241823
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. 2024 St Augustine & St. Johns County Board of REALTORS. All rights reserved.