30 Covington LnPalm 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 30 Covington Ln, Palm Coast, FL, 32137 offers $4,460/mo rent that, after a $3,867/mo payment. Total monthly income is $4,460/mo. Return on cash invested measures 16.45% in year one, and rental yield stands at 6.77% at a $790,000 entry. Equity gained on principal adds $5,098/yr while 5% annual appreciation compounds into $218,262 by year five. Five-year ROI records 84.84% and total cumulative return in cash reaches $220,512. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,460/mo property income versus a $3,867/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1988
10,018 sqft lot
$N/A/sqft
No 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: Veronica Figueroa • EXP Realty LLC
Mls Name: DBAMLS
Mls Provider:
Mls ID: #1219627
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.