428 EAST RIVER RoadEast PalatkaFL32131
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowIf cash-on-cash performance is your primary filter, 428 EAST RIVER Road, East Palatka, FL, 32131 in East Palatka deserves attention. This $279,900 property earns $2,928/mo in rent, a 12.55% gross yield, and nets $1,071/mo after the $1,259/mo payment. DSCR 2.33 makes it one of the cleaner DSCR underwriting candidates Ziffy Mortgage sees in this market. Five-year appreciation of $77,331 compounds alongside $2,578/yr in yearly equity build, for a total cumulative return of $175,564.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 12.6% | 7.0% |
| Monthly Cash Flow | $1,071 | $300 |
City averages based on East Palatka market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,928 |
| Total Monthly Debt Service | $1,746 |
| DSCR Ratio | 1.68x |
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.
Manufactured
Built in 1988
1.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32131, East Palatka, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,148 (100%) |
| Owner Occupied HU | 1,598 (74.4%) |
| Renter Occupied HU | 294 (13.7%) |
| Vacant Housing Units | 256 (11.9%) |
| Median Home Value | $345,878 |
| Average Home Value | $457,164 |
Housing Distribution
Address Breakdown
Residential
1,821
Single Family
1,764
Multi-Family
57
Businesses
148
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
Manufactured
Built in 1988
1.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32131, East Palatka, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,148 (100%) |
| Owner Occupied HU | 1,598 (74.4%) |
| Renter Occupied HU | 294 (13.7%) |
| Vacant Housing Units | 256 (11.9%) |
| Median Home Value | $345,878 |
| Average Home Value | $457,164 |
Housing Distribution
Address Breakdown
Residential
1,821
Single Family
1,764
Multi-Family
57
Businesses
148
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices