406 CEDAR AvenuePalatkaFL32177
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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 406 CEDAR Avenue, Palatka, FL, 32177 generates $1,085/mo in rent and, after a $680/mo payment, leaves $163/mo in cash flow. Total monthly income is $1,085/mo, and annual cash flow is $1,955/yr on $46,079 invested. Return on cash invested sits at 24.15% in year one, and rental yield is 9.37% on a $139,000 entry. Equity gained on principal adds $897/yr, while 5% annual appreciation builds toward $38,403 over five years. Five-year ROI reaches 126.17% and total cumulative return in cash sums $58,136. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,085/mo property income rather than buyer’s personal income.
Manufactured
Built in 1997
8,276 sqft 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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