2370 WESTOVER DrivePalatkaFL32177
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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 Palatka at 2370 WESTOVER Drive, Palatka, FL, 32177 uses $82,842 cash to close to unlock $7,279/yr annual cash flow and $607/mo monthly cash flow. Total monthly income runs $2,461/mo, and a $1,223/mo payment keeps the spread at $607/mo. Purchase price stands at $249,900, and rental yield measures 11.82% with $2,461/mo rent. Return on cash invested shows 28.7% in year one, and 5% annual appreciation builds toward $69,043 over five years. Five-year ROI reaches 151.59% and total cumulative return in cash records $125,582. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,461/mo property income covering a $1,223/mo payment rather than investor’s personal income.
Single Family
Built in 1968
0.34 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: CLARISSA SWARTZLANDER • YOUR HOME SOLD GUARANTEED JESSE WARMKA TEAM
Mls Name: realMLS
Mls Provider:
Mls ID: #2042991
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.