311 W RIVER RoadPalatkaFL32177
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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 Palatka at 311 W RIVER Road, Palatka, FL, 32177 offers $3,703/mo rent that, after a $3,558/mo payment. Total monthly income is $3,703/mo. Return on cash invested measures 14.44% in year one, and rental yield stands at 6.11% at a $727,000 entry. Equity gained on principal adds $4,691/yr while 5% annual appreciation compounds into $200,857 by year five. Five-year ROI records 74.05% and total cumulative return in cash reaches $177,105. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,703/mo property income versus a $3,558/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1978
1.34 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: SANDRA M SMITH • WATSON REALTY CORP
Mls Name: realMLS
Mls Provider:
Mls ID: #2022869
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.