5 Ripcord LnPalm 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 5 Ripcord Ln, Palm Coast, FL, 32164 priced at $289,000 pairs $2,215/mo rent with $297/mo cash flow after a $1,415/mo payment. Total monthly income equals $2,215/mo, and annual cash flow comes to $3,560/yr on $95,804 invested. Return on cash invested is 23.62% in year one, and rental yield stands at 9.2% on a $289,000 basis. Equity gained on principal adds $1,865/yr, and 5% annual appreciation accumulates to $79,845 by year five. Five-year ROI measures 123.38% and total cumulative return in cash reaches $118,202. For financing, Ziffy Mortgage’s DSCR program evaluates $2,215/mo property income against a $1,415/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1999
10,019 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: Christeen Haney • FLORIDA HOMES REALTY & MORTGAGE
Mls Name: Stellar MLS
Mls ID: #FC309634