309 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 309 Redbud Rd, Palm Coast, FL, 32137 offers $2,754/mo rent that, after a $1,277/mo payment, leaves $947/mo cash flow. Total monthly income is $2,754/mo, and annual cash flow is $11,369/yr on $86,518 cash. Return on cash invested measures 33.05% in year one, and rental yield stands at 12.66% at a $260,990 entry. Equity gained on principal adds $1,684/yr while 5% annual appreciation compounds into $72,107 by year five. Five-year ROI records 174.28% and total cumulative return in cash reaches $150,784. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,754/mo property income versus a $1,277/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Townhouse
Built in 2024
1,742 sqft lot
$N/A/sqft
$225 quarterly 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, Jr • DR Horton Real Estate
Mls Name: St Augustine St Johns County BOR
Mls Provider:
Mls ID: #244820
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.