94 Covington LnPalm 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 94 Covington Ln, Palm Coast, FL, 32137 with 5% annual appreciation on a $359,900 basis while $2,834/mo rent supports operations. Total monthly income totals $2,834/mo and a $1,762/mo payment preserves $445/mo for cash returns. Annual cash flow comes to $5,342/yr on $119,307 deployed, and return on cash invested reaches 24.39% in year one. Equity gained on principal adds $2,322/yr, and five-year appreciation sums $99,434 alongside rental yield of 9.45%. Five-year ROI measures 127.47% and total cumulative return in cash totals $152,078.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,834/mo property income versus a $1,762/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1990
0.29 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: VANESSA BLAINE • KEY REALTY OF FLAGLER COUNTY
Mls Name: Stellar MLS
Mls ID: #FC313015