50 S Ocean Palm DrFlagler BeachFL32136
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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 Flagler Beach at 50 S Ocean Palm Dr, Flagler Beach, FL, 32136 generates $1,785/mo in rent and, after a $1,225/mo payment, leaves $124/mo in cash flow. Total monthly income is $1,785/mo, and annual cash flow is $1,490/yr on $82,958 invested. Return on cash invested sits at 21.7% in year one, and rental yield is 8.56% on a $250,250 entry. Equity gained on principal adds $1,615/yr, while 5% annual appreciation builds toward $69,139 over five years. Five-year ROI reaches 113.09% and total cumulative return in cash sums $93,820. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,785/mo property income rather than buyer’s personal income.
Condo
Built in 1974
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32136, Flagler Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,295 (100%) |
| Owner Occupied HU | 4,052 (64.4%) |
| Renter Occupied HU | 788 (12.5%) |
| Vacant Housing Units | 1,455 (23.1%) |
| Median Home Value | $506,713 |
| Average Home Value | $557,530 |
Housing Distribution
Address Breakdown
Residential
5,004
Single Family
4,677
Multi-Family
327
Businesses
427
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Listed by: Heather Lefort • Engel & Volkers St Augustine
Mls Name: DBAMLS
Mls ID: #1204336