35 OCEAN CREST Way UNIT 1111Palm 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 35 OCEAN CREST Way UNIT 1111, Palm Coast, FL, 32137 generates $3,784/mo in rent, after a $2,814/mo payment. Total monthly income is $3,784/mo. Return on cash invested sits at 11.74% in year one, and rental yield is 7.9% on a $575,000 entry. Equity gained on principal adds $3,710/yr, while 5% annual appreciation builds toward $158,862 over five years. Five-year ROI reaches 62.54% and total cumulative return in cash sums $118,319. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,784/mo property income rather than buyer’s personal income.
Condo
Built in 2002
0.75 Acres lot
$N/A/sqft
$1,202 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: CAROL E CARROLL • WATSON REALTY CORPORATION
Mls Name: realMLS
Mls Provider:
Mls ID: #2061702
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.