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$385,000

For Sale - Active
17 Waterford Pl, Palm Coast, FL 32164
3 Beds
2 Baths
2,114 Square Feet
0.27 Acres Lot
Built in 1998
For Sale - Active
1 Units
Checked: 43 minutes ago
Updated: Jun 24, 2025 at 03:30AM

Investment Summary


Monthly Cash Flow
-$640
Cap Rate
4.3%
Cash-on-Cash Return
-8.7%
Debt Coverage Ratio
0.68
Internal Rate of Return (5 years)
-4.4%

Property Description


0.27 Acres Lot
Built in 1998
For Sale - Active
1 Units

Welcome to the best lot in Palm Coast — an elevated, canal-front home has unmatched privacy, serene water views, and over 2,100 sqft of fully renovated living space. The oversized Florida room is under air and surrounded by lush greenery, creating a dream indoor-outdoor retreat. No rear neighbors — just peaceful living with designer finishes throughout. Property was just fully renovated. It features a brand-new roof (2021), a brand-new A/C (2025), luxury vinyl plank flooring throughout, and an open kitchen with luxury shaker cabinets, quartz waterfall countertops, and modern matte fixtures, amongst many other upgrades made!! Don’t miss your chance to own one of Palm Coast’s most stunning properties!

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Location


Property Details


Parking

  • Garage Spaces: 1
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 2.0

Interior Features

  • # of Rooms: 6
  • # of Stories: 1

Exterior Features

  • Exterior Walls Materials: Stucco
  • Foundation: Other
  • Roof Type: Gable or Hip
  • Roof Material: Shingle

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 0711317019002400090
  • Lot Size: 11944 sqft

Property Information

  • Property Type: Single Family Residence
  • Year Built: 1998

Tax Information

  • Annual Tax: $1,778

Utilities

  • Water & Sewer: Public
  • Heating: Central
  • Cooling: Central Air

Location

  • County: Flagler

Listing Details


Listed by:
Steven Koleno
BEYCOME OF FLORIDA LLC
(804) 656-5007

Source:
Stellar MLS
MLS#: O6315296
Stellar MLS

Investment Summary


Monthly Cash Flow
-$640
Cap Rate
4.3%
Cash-on-Cash Return
-8.7%
Debt Coverage Ratio
0.68
Internal Rate of Return (5 years)
-4.4%

Purchase Details

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Purchase price:
$385,000
Amount financed:
-$308,000
Down payment:
$77,000
Closing costs:
$11,550
Rehab costs:
$0
Initial cash invested:
$88,550
Square feet:
2,114
Cost per square foot:
$182
Monthly rent per square foot:
$1.04

Financing Details

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Loan amount:
$308,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.810%
Principal & interest:
$2,010
Property tax:
$148
Insurance:
$154
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,312

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,200 $26,400
Vacancy loss: (6%)
6% -$132 -$1,584
Operating income:
$2,068 $24,816

Operating Expenses


% Rent Monthly Yearly
Property taxes: (7%)
7%-$148-$1,778
Insurance: (7%)
7%-$154-$1,848
Property management: (8%)
8%-$176-$2,112
Repairs & maintenance: (5%)
5%-$110-$1,320
Capital expenditures: (5%)
5%-$110-$1,320
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (32%)
32%-$698-$8,378

Cash Flow


Monthly Yearly
Net operating income:
$1,370 $16,440
Mortgage payments:
-$2,010 -$24,120
Cash flow:
$640 $7,680