151 ELSIE DriveEast 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 151 ELSIE Drive, East Palatka, FL, 32131 with 5% annual appreciation on a $245,000 basis while $1,760/mo rent supports operations. Total monthly income totals $1,760/mo and a $1,199/mo payment preserves $134/mo for cash returns. Annual cash flow comes to $1,611/yr on $81,218 deployed, and return on cash invested reaches 21.89% in year one. Equity gained on principal adds $1,581/yr, and five-year appreciation sums $67,689 alongside rental yield of 8.62%. Five-year ROI measures 114.11% and total cumulative return in cash totals $92,676.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,760/mo property income versus a $1,199/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Manufactured
Built in 2023
10,018 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: SUE NICOSIA • NICOSIA REALTY INC.
Mls Name: realMLS
Mls ID: #2099028