2 Morington LnFlagler BeachFL32136
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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 Flagler Beach at 2 Morington Ln, Flagler Beach, FL, 32136 earns $1,753/mo cash flow from $3,505/mo rent with a $1,292/mo payment. Total monthly income totals $3,505/mo, and annual cash flow totals $21,040/yr on $87,483 capital. ROI tracks 43.96% on current figures, and rental yield reads 15.94% at a $263,900 purchase. Equity gained on principal adds $1,703/yr, and 5% annual appreciation supports $72,911 over five years. Five-year ROI reaches 232.44% and total cumulative return in cash sums $203,346. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,505/mo property income instead of your personal income.
Single Family
Built in 2001
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32136, Flagler Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,295 (100%) |
| Owner Occupied HU | 4,052 (64.4%) |
| Renter Occupied HU | 788 (12.5%) |
| Vacant Housing Units | 1,455 (23.1%) |
| Median Home Value | $506,713 |
| Average Home Value | $557,530 |
Housing Distribution
Address Breakdown
Residential
5,004
Single Family
4,677
Multi-Family
327
Businesses
427
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Listed by: Jacquelin Fuller • Plantation Oaks Homes Sales
Mls Name: My State MLS
Mls ID: #11283583