6 Cherry CtPalm CoastFL32137
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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 6 Cherry Ct, Palm Coast, FL, 32137 priced at $719,900 converts $3,000/mo rent into after a $3,524/mo obligation. Total monthly income equals $3,000/mo. Return on cash invested prints 11.05% in year one, and rental yield reads 5% against a $719,900 entry. Equity gained on principal adds $4,645/yr, while 5% annual appreciation compiles into $198,895 by year five. Five-year ROI reaches 55.92% and total cumulative return in cash sums $132,455. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,000/mo property income covering a $3,524/mo payment, not borrower’s personal income.
Single Family
Built in 1983
10,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32137, Palm Coast, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,467 (100%) |
| Owner Occupied HU | 19,087 (69.5%) |
| Renter Occupied HU | 3,907 (14.2%) |
| Vacant Housing Units | 4,473 (16.3%) |
| Median Home Value | $435,185 |
| Average Home Value | $505,930 |
Housing Distribution
Address Breakdown
Residential
25,250
Single Family
23,758
Multi-Family
1,492
Businesses
1,011
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Listed by: Heather Dalrymple • BETTER HMS & GARDENS RE SYNERG
Mls Name: Stellar MLS
Mls ID: #FC307268