37 PONCE DELEON Drive #APalm CoastFL32164
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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 37 PONCE DELEON Drive #A, Palm Coast, FL, 32164 offers $1,844/mo rent that, after a $2,817/mo payment. Total monthly income is $1,844/mo. Return on cash invested measures 7.54% in year one, and rental yield stands at 3.85% at a $575,500 entry. Equity gained on principal adds $3,714/yr while 5% annual appreciation compounds into $159,000 by year five. Five-year ROI records 37.08% and total cumulative return in cash reaches $70,200. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,844/mo property income versus a $2,817/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 2023
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32164, Palm Coast, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,679 (100%) |
| Owner Occupied HU | 17,771 (72.0%) |
| Renter Occupied HU | 5,317 (21.5%) |
| Vacant Housing Units | 1,591 ( 6.4%) |
| Median Home Value | $340,253 |
| Average Home Value | $375,313 |
Housing Distribution
Address Breakdown
Residential
24,759
Single Family
23,933
Multi-Family
826
Businesses
406
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Listed by: ELLEN H HARRIS • IHEART REALTY INC
Mls Name: realMLS
Mls ID: #2121925