233 TARPON BoulevardPalatkaFL32177
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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 Palatka at 233 TARPON Boulevard, Palatka, FL, 32177 priced at $210,000 converts $2,365/mo rent into $916/mo cash flow after a $1,028/mo obligation. Total monthly income equals $2,365/mo, and annual cash flow totals $10,993/yr on $69,615 invested. Return on cash invested prints 35.7% in year one, and rental yield reads 13.51% against a $210,000 entry. Equity gained on principal adds $1,355/yr, while 5% annual appreciation compiles into $58,019 by year five. Five-year ROI reaches 188.52% and total cumulative return in cash sums $131,236. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,365/mo property income covering a $1,028/mo payment, not borrower’s personal income.
Single Family
Built in 1989
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32177, Palatka, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,930 (100%) |
| Owner Occupied HU | 7,125 (59.7%) |
| Renter Occupied HU | 3,553 (29.8%) |
| Vacant Housing Units | 1,252 (10.5%) |
| Median Home Value | $196,865 |
| Average Home Value | $299,967 |
Housing Distribution
Address Breakdown
Residential
10,671
Single Family
9,986
Multi-Family
685
Businesses
926
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Listed by: LISA ANN LOIACONO • MARK SPAIN REAL ESTATE
Mls Name: realMLS
Mls Provider:
Mls ID: #2037782
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.