2 Fairways Cir UNIT 2Palm CoastFL32137
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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 Palm Coast at 2 Fairways Cir UNIT 2, Palm Coast, FL, 32137 priced at $165,000 pairs $1,254/mo rent with $159/mo cash flow after a $808/mo payment. Total monthly income equals $1,254/mo, and annual cash flow comes to $1,903/yr on $54,698 invested. Return on cash invested is 23.39% in year one, and rental yield stands at 9.12% on a $165,000 basis. Equity gained on principal adds $1,065/yr, and 5% annual appreciation accumulates to $45,586 by year five. Five-year ROI measures 122.11% and total cumulative return in cash reaches $66,791. For financing, Ziffy Mortgage’s DSCR program evaluates $1,254/mo property income against a $808/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1980
871.20 sqft 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
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Listed by: Melody Travers • Watson Realty Corp
Mls Name: DBAMLS
Mls ID: #1213404