424 EMMETT StreetPalatkaFL32177
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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 424 EMMETT Street, Palatka, FL, 32177 priced at $440,000 converts $3,054/mo rent into $134/mo cash flow after a $2,154/mo obligation. Total monthly income equals $3,054/mo, and annual cash flow totals $1,604/yr on $145,860 invested. Return on cash invested prints 21.01% in year one, and rental yield reads 8.33% against a $440,000 entry. Equity gained on principal adds $2,839/yr, while 5% annual appreciation compiles into $121,564 by year five. Five-year ROI reaches 109.34% and total cumulative return in cash sums $159,478. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,054/mo property income covering a $2,154/mo payment, not borrower’s personal income.
Single Family
Built in 1900
0.35 Acres 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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