308 Redbud RdPalm 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 308 Redbud Rd, Palm Coast, FL, 32137 priced at $262,990 converts $2,754/mo rent into $934/mo cash flow after a $1,287/mo obligation. Total monthly income equals $2,754/mo, and annual cash flow totals $11,208/yr on $87,181 invested. Return on cash invested prints 32.76% in year one, and rental yield reads 12.57% against a $262,990 entry. Equity gained on principal adds $1,697/yr, while 5% annual appreciation compiles into $72,659 by year five. Five-year ROI reaches 172.71% and total cumulative return in cash sums $150,572. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,754/mo property income covering a $1,287/mo payment, not borrower’s personal income.
Townhouse
Built in 2024
0.46 Acres lot
$N/A/sqft
$75 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: Charlie Rogers • D.R. HORTON REALTY, INC
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #FC301626
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. Some IDX listings have been excluded from this website. Listing Information presented by local MLS brokerage: Zillow, Inc - (407) 904-3511