3638 S Central AveFlagler BeachFL32136
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThis Flagler Beach rental at 3638 S Central Ave, Flagler Beach, FL, 32136 sits in the solid-income band: 9.9% gross yield, $2,874/mo rent, $476/mo net after the $1,567/mo debt service, DSCR 1.83. Entry price of $348,500 is well-calibrated for the income it produces. Ziffy Mortgage finances this type of asset on rental income alone, no tax returns, no U.S. credit profile. Projected five-year appreciation of $96,284 and $3,210/yr in principal reduction bring total cumulative return to $163,902.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.9% | 8.0% |
| Monthly Cash Flow | $476 | $450 |
City averages based on Flagler Beach market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,874 |
| Total Monthly Debt Service | $2,259 |
| DSCR Ratio | 1.27x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Townhouse
Built in 1986
218 sqft lot
$N/A/sqft
$85 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Townhouse
Built in 1986
218 sqft lot
$N/A/sqft
$85 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices