118 Old Airport Estates RdPalatkaFL32177
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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 118 Old Airport Estates Rd, Palatka, FL, 32177 priced at $150,000 converts $1,304/mo rent into $309/mo cash flow after a $734/mo obligation. Total monthly income equals $1,304/mo, and annual cash flow totals $3,705/yr on $49,725 invested. Return on cash invested prints 27.36% in year one, and rental yield reads 10.43% against a $150,000 entry. Equity gained on principal adds $968/yr, while 5% annual appreciation compiles into $41,442 by year five. Five-year ROI reaches 143.41% and total cumulative return in cash sums $71,310. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,304/mo property income covering a $734/mo payment, not borrower’s personal income.
Manufactured
Built in 1986
1.13 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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Listed by: James Caputo • Search Team Realty
Mls Name: St Augustine St Johns County BOR
Mls Provider:
Mls ID: #244957
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. 2025 St Augustine & St. Johns County Board of REALTORS. All rights reserved.