12 LUTHER DrivePalm CoastFL32137
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderAt 1.50, 12 LUTHER Drive, Palm Coast, FL, 32137 in Palm Coast sits at the top of Ziffy Mortgage's DSCR coverage band, a significant advantage for non-U.S. buyers closing without domestic income documentation. Rental yield 7.41%. The 7.41% yield is backed by 5% annual appreciation projecting $82,332 in value gain, plus $2,745/yr in principal reduction. Total projected cumulative return: $115,519.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.4% | 6.0% |
| Monthly Cash Flow | $(198) | $500 |
City averages based on Palm Coast market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,008 |
| Total Monthly Debt Service | $1,859 |
| DSCR Ratio | 1.08x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2003
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32137, Palm Coast, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,467 (100%) |
| Owner Occupied HU | 19,087 (69.5%) |
| Renter Occupied HU | 3,907 (14.2%) |
| Vacant Housing Units | 4,473 (16.3%) |
| Median Home Value | $435,185 |
| Average Home Value | $505,930 |
Housing Distribution
Address Breakdown
Residential
25,250
Single Family
23,758
Multi-Family
1,492
Businesses
1,011
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
Single Family
Built in 2003
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32137, Palm Coast, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,467 (100%) |
| Owner Occupied HU | 19,087 (69.5%) |
| Renter Occupied HU | 3,907 (14.2%) |
| Vacant Housing Units | 4,473 (16.3%) |
| Median Home Value | $435,185 |
| Average Home Value | $505,930 |
Housing Distribution
Address Breakdown
Residential
25,250
Single Family
23,758
Multi-Family
1,492
Businesses
1,011
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: CHERYL DREEZER • REAL ESTATE SERVICES OF PALM COAST
Mls Name: realMLS
Mls ID: #2094527