506 E Bay 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
Rental property for sale in Palatka at 506 E Bay St, Palatka, FL, 32177 priced at $352,999 pairs $2,838/mo rent with $495/mo cash flow after a $1,728/mo payment. Total monthly income equals $2,838/mo, and annual cash flow comes to $5,942/yr on $117,019 invested. Return on cash invested is 24.99% in year one, and rental yield stands at 9.65% on a $352,999 basis. Equity gained on principal adds $2,278/yr, and 5% annual appreciation accumulates to $97,527 by year five. Five-year ROI measures 130.69% and total cumulative return in cash reaches $152,935. For financing, Ziffy Mortgage’s DSCR program evaluates $2,838/mo property income against a $1,728/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2025
9,148 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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Listed by: Adriana Avegno • THE FIRM RE
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #S5129340
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Some IDX listings have been excluded from this website. Listing Information presented by local MLS brokerage: Zillow, Inc - (407) 904-3511