22 OCONEE DrivePalm 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 22 OCONEE Drive, Palm Coast, FL, 32137 priced at $390,990 converts $5,686/mo rent into $3,074/mo cash flow after a $1,914/mo obligation. Total monthly income equals $5,686/mo, and annual cash flow totals $36,892/yr on $129,613 invested. Return on cash invested prints 48.37% in year one, and rental yield reads 17.45% against a $390,990 entry. Equity gained on principal adds $2,523/yr, while 5% annual appreciation compiles into $108,023 by year five. Five-year ROI reaches 256.14% and total cumulative return in cash sums $331,987. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,686/mo property income covering a $1,914/mo payment, not borrower’s personal income.
Single Family
Built in 2025
N/A lot
$N/A/sqft
$200 annually 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: TATIANA SOUZA • MERITAGE HOMES OF FLORIDA REALTY
Mls Name: realMLS
Mls Provider:
Mls ID: #2036580
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.