8 SPRINGWOOD DrivePalm 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 8 SPRINGWOOD Drive, Palm Coast, FL, 32137 offers $3,000/mo rent that, after a $1,522/mo payment, leaves $917/mo cash flow. Total monthly income is $3,000/mo, and annual cash flow is $11,003/yr on $103,093 cash. Return on cash invested measures 30.58% in year one, and rental yield stands at 11.58% at a $310,990 entry. Equity gained on principal adds $2,007/yr while 5% annual appreciation compounds into $85,921 by year five. Five-year ROI records 160.74% and total cumulative return in cash reaches $165,714. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,000/mo property income versus a $1,522/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
N/A lot
$N/A/sqft
$233 annually 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: CHARLIE ROGERS • D R HORTON REALTY INC
Mls Name: realMLS
Mls Provider:
Mls ID: #2062013
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. Data is deemed reliable but is not guaranteed accurate by realMLS.