512 N 18TH StreetPalatkaFL32177
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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 512 N 18TH Street, Palatka, FL, 32177 listed at $157,900 pairs $1,385/mo rent with a $773/mo payment to leave $337/mo cash flow. Total monthly income runs $1,385/mo, and annual cash flow reaches $4,044/yr on $52,344 cash to close. Return on cash invested measures 27.63% in year one, and rental yield registers 10.53% at a $157,900 basis. Equity gained on principal adds $1,019/yr, and annual property appreciation at 5% supports $43,625 by year five. Five-year ROI tracks 144.85% and total cumulative return in cash totals $75,818. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,385/mo property income relative to a $773/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1981
9,583 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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