159 MAYS COVE RoadEAST 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
Rental property for sale in EAST PALATKA at 159 MAYS COVE Road, EAST PALATKA, FL, 32131 priced at $1,365,000 converts $4,661/mo rent into after a $6,681/mo obligation. Total monthly income equals $4,661/mo. Return on cash invested prints 8.44% in year one, and rental yield reads 4.1% against a $1,365,000 entry. Equity gained on principal adds $8,808/yr, while 5% annual appreciation compiles into $377,124 by year five. Five-year ROI reaches 41.83% and total cumulative return in cash sums $185,015. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,661/mo property income covering a $6,681/mo payment, not borrower’s personal income.
Single Family
Built in 2024
1.66 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: KAREN B GIANNINI • EXP REALTY LLC
Mls Name: realMLS
Mls ID: #2090711