125 WILLIS RoadPalatkaFL32177
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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 125 WILLIS Road, Palatka, FL, 32177 generates $1,196/mo in rent, after a $1,052/mo payment. Total monthly income is $1,196/mo. Return on cash invested sits at 16.03% in year one, and rental yield is 6.68% on a $214,999 entry. Equity gained on principal adds $1,387/yr, while 5% annual appreciation builds toward $59,400 over five years. Five-year ROI reaches 82.64% and total cumulative return in cash sums $58,897. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,196/mo property income rather than buyer’s personal income.
Manufactured
Built in 1971
0.41 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: JOYCE M DAVIS • INTERLACHEN REALTY SERVICES, INC
Mls Name: realMLS
Mls Provider:
Mls ID: #2035549
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. Data is deemed reliable but is not guaranteed accurate by realMLS.