657 Palm Ave EGoodlandFL34140
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe income profile at 657 Palm Ave E, Goodland, FL, 34140 in Goodland is straightforward: $450,000 in, $3,376/mo in rent, $389/mo out after debt service. The 9% gross yield and 1.67 DSCR make this exactly the kind of asset Ziffy Mortgage finances for non-U.S. residents without income documentation. Appreciation at 5%/yr adds $124,327 by year five. With $4,145/yr in principal equity, the total cumulative return is projected at $196,644.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9% | 7.0% |
| Monthly Cash Flow | $389 | $300 |
City averages based on Goodland market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,376 |
| Total Monthly Debt Service | $2,807 |
| DSCR Ratio | 1.20x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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.
Manufactured
Built in 1959
5,000 sqft lot
$N/A/sqft
No 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
Manufactured
Built in 1959
5,000 sqft lot
$N/A/sqft
No 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