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$275,000

Sale Pending
35 Radcliffe Dr, Palm Coast, FL 32164
3 Beds
2 Baths
1,612 Square Feet
0.23 Acres Lot
Built in 2002
Sale Pending
1 Units
Checked: 21 hours ago
Updated: Jun 17, 2025 at 03:44AM

Investment Summary


Monthly Cash Flow
-$131
Cap Rate
5.6%
Cash-on-Cash Return
-2.5%
Debt Coverage Ratio
0.91
Internal Rate of Return (5 years)
1.6%

Property Description


0.23 Acres Lot
Built in 2002
Sale Pending
1 Units

Under contract-accepting backup offers. Welcome to your dream home! This stunning, newly renovated concrete block residence features 3 spacious bedrooms and 2 full bathrooms, and is completely move-in ready. Enjoy a modern kitchen with custom cabinets, granite countertops, and sleek stainless steel appliances. Major updates include a new roof (2019), AC unit (2017), and water heater (2021). You’ll love the fresh paint, brand-new flooring, and beautifully updated bathrooms. The private primary suite includes its own full bath for added comfort. Ideally located in the heart of Palm Coast, you’re just minutes from top-rated schools, shopping, dining, and our renowned beaches. Don’t wait—schedule your showing today!

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Location


Property Details


Parking

  • Description: Garage
  • Details: Attached
  • Garage Spaces: 2
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

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

Interior Features

  • # of Rooms: 3
  • # of Stories: 1
  • Fireplace: Yes

Exterior Features

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

Land Information

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

Lot Information

  • Parcel ID: 0711317030003200090
  • Lot Size: 10019 sqft

Property Information

  • Property Type: Single Family Residence
  • Year Built: 2002

Tax Information

  • Annual Tax: $1,219

Utilities

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

Location

  • County: Flagler

Listing Details


Listed by:
Takeshia Rhynes
RHYNES REAL ESTATE
(386) 232-8263

Source:
Stellar MLS
MLS#: V4939022
Stellar MLS

Investment Summary


Monthly Cash Flow
-$131
Cap Rate
5.6%
Cash-on-Cash Return
-2.5%
Debt Coverage Ratio
0.91
Internal Rate of Return (5 years)
1.6%

Purchase Details

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Purchase price:
$275,000
Amount financed:
-$220,000
Down payment:
$55,000
Closing costs:
$8,250
Rehab costs:
$0
Initial cash invested:
$63,250
Square feet:
1,612
Cost per square foot:
$171
Monthly rent per square foot:
$1.24

Financing Details

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Loan amount:
$220,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$1,409
Property tax:
$102
Insurance:
$140
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,651

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,000 $24,000
Vacancy loss: (6%)
6% -$120 -$1,440
Operating income:
$1,880 $22,560

Operating Expenses


% Rent Monthly Yearly
Property taxes: (5%)
5%-$102-$1,219
Insurance: (7%)
7%-$140-$1,680
Property management: (8%)
8%-$160-$1,920
Repairs & maintenance: (5%)
5%-$100-$1,200
Capital expenditures: (5%)
5%-$100-$1,200
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (30%)
30%-$602-$7,219

Cash Flow


Monthly Yearly
Net operating income:
$1,278 $15,336
Mortgage payments:
-$1,409 -$16,908
Cash flow:
$131 $1,572