611 Palm Ave #G-35GoodlandFL34140
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayInvestors who prioritise long-run asset value over immediate income should consider 611 Palm Ave #G-35, Goodland, FL, 34140 in Goodland. Rental yield 4.2%. At $625,000 with 4.2% gross yield, current distributions are modest, but the 5% appreciation rate projects $172,676 in new equity by year five, complemented by $5,756/yr in principal paydown. Ziffy Mortgage's DSCR loan (0.78) allows non-U.S. residents to acquire without W-2s or domestic credit. Total projected five-year cumulative return: $55,402.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 4.2% | 7.0% |
| Monthly Cash Flow | $(2,906) | $300 |
City averages based on Goodland market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,189 |
| Total Monthly Debt Service | $4,846 |
| DSCR Ratio | 0.45x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1983
N/A lot
$N/A/sqft
$11,364 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34140, Goodland, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 363 (100%) |
| Owner Occupied HU | 149 (41.0%) |
| Renter Occupied HU | 22 ( 6.1%) |
| Vacant Housing Units | 192 (52.9%) |
| Median Home Value | $675,347 |
| Average Home Value | $875,369 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
31
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 1983
N/A lot
$N/A/sqft
$11,364 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34140, Goodland, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 363 (100%) |
| Owner Occupied HU | 149 (41.0%) |
| Renter Occupied HU | 22 ( 6.1%) |
| Vacant Housing Units | 192 (52.9%) |
| Median Home Value | $675,347 |
| Average Home Value | $875,369 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
31
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices