32 OCEAN PALM Drive S #320Flagler BeachFL32136
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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 Flagler Beach at 32 OCEAN PALM Drive S #320, Flagler Beach, FL, 32136 uses $72,930 cash to close to unlock $22/yr annual cash flow and $2/mo monthly cash flow. Total monthly income runs $2,242/mo, and a $1,077/mo payment keeps the spread at $2/mo. Purchase price stands at $220,000, and rental yield measures 12.23% with $2,242/mo rent. Return on cash invested shows 19.94% in year one, and 5% annual appreciation builds toward $60,782 over five years. Five-year ROI reaches 108.25% and total cumulative return in cash records $78,947. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,242/mo property income covering a $1,077/mo payment rather than investor’s personal income.
Townhouse
Built in 1974
9.05 Acres lot
$N/A/sqft
$780 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32136, Flagler Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,295 (100%) |
| Owner Occupied HU | 4,052 (64.4%) |
| Renter Occupied HU | 788 (12.5%) |
| Vacant Housing Units | 1,455 (23.1%) |
| Median Home Value | $506,713 |
| Average Home Value | $557,530 |
Housing Distribution
Address Breakdown
Residential
5,004
Single Family
4,677
Multi-Family
327
Businesses
427
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Listed by: BERNARD SHORT • REALTY EXCHANGE LLC
Mls Name: realMLS
Mls Provider:
Mls ID: #2098361
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.