455 Riverfront Dr UNIT A303Palm CoastFL32137
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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 455 Riverfront Dr UNIT A303, Palm Coast, FL, 32137 generates $2,188/mo in rent, after a $3,911/mo payment. Total monthly income is $2,188/mo. Return on cash invested sits at 5.84% in year one, and rental yield is 3.29% on a $799,000 entry. Equity gained on principal adds $5,156/yr, while 5% annual appreciation builds toward $220,749 over five years. Five-year ROI reaches 27.98% and total cumulative return in cash sums $73,542. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,188/mo property income rather than buyer’s personal income.
Condo
Built in 2023
2,004 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32137, Palm Coast, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,467 (100%) |
| Owner Occupied HU | 19,087 (69.5%) |
| Renter Occupied HU | 3,907 (14.2%) |
| Vacant Housing Units | 4,473 (16.3%) |
| Median Home Value | $435,185 |
| Average Home Value | $505,930 |
Housing Distribution
Address Breakdown
Residential
25,250
Single Family
23,758
Multi-Family
1,492
Businesses
1,011
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Listed by: Cynthia Parrish • LOKATION
Mls Name: Stellar MLS
Mls ID: #V4945545