29 Veranda WayPalm 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
Investment property for sale in Palm Coast at 29 Veranda Way, Palm Coast, FL, 32137 with 5% annual appreciation on a $259,500 basis while $1,990/mo rent supports operations. 42% in year one. Equity gained on principal adds $1,675/yr, and five-year appreciation sums $71,695 alongside rental yield of 9.2%. Five-year ROI measures 97.39% and total cumulative return in cash totals $83,777. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,990/mo property income versus a $1,270/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 2002
1,143 sqft lot
$N/A/sqft
$375 monthly 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: Julie Sabine • Realty Exchange, LLC
Mls Name: St Augustine St Johns County BOR
Mls Provider:
Mls ID: #242034
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. Information is deemed reliable but not guaranteed. 2024 St Augustine & St. Johns County Board of REALTORS. All rights reserved.