500 S 17th StPalatkaFL32177
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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
Investment property for sale in Palatka at 500 S 17th St, Palatka, FL, 32177 uses $91,163 cash to close to unlock $5,964/yr annual cash flow and $497/mo monthly cash flow. Total monthly income runs $2,322/mo, and a $1,346/mo payment keeps the spread at $497/mo. Purchase price stands at $275,000, and rental yield measures 10.13% with $2,322/mo rent. Return on cash invested shows 26.45% in year one, and 5% annual appreciation builds toward $75,977 over five years. Five-year ROI reaches 138.56% and total cumulative return in cash records $126,311. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,322/mo property income covering a $1,346/mo payment rather than investor’s personal income.
Single Family
Built in 1961
10,454 sqft 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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