85 Avenue De La Mer UNIT 705Palm 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
Investment property for sale in Palm Coast at 85 Avenue De La Mer UNIT 705, Palm Coast, FL, 32137 offers a 4.02% rental yield on a $1,472,500 purchase with $4,930/mo rent. 19% in year one. Equity gained on principal adds $9,502/yr while 5% annual appreciation supports $406,825 over five years. Portfolio math shows five-year ROI at 40.51% and total cumulative return in cash at $193,289. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,930/mo property income against a $7,207/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2006
0.58 Acres 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: Diane Esposito • Coastal Gateway Real Estate Group
Mls Name: DBAMLS
Mls ID: #1221603