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$372,000

For Sale - Active
50 Woodfield Dr, Palm Coast, FL 32164
4 Beds
2 Baths
2,421 Square Feet
0.23 Acres Lot
Built in 1988
For Sale - Active
1 Units
Checked: 4 hours ago
Updated: Jun 20, 2025 at 03:23AM

Investment Summary


Monthly Cash Flow
-$401
Cap Rate
5.0%
Cash-on-Cash Return
-5.6%
Debt Coverage Ratio
0.79
Internal Rate of Return (5 years)
-1.5%

Property Description


0.23 Acres Lot
Built in 1988
For Sale - Active
1 Units

Special financing available with a lender credit to be used for closing costs, and or interest rate buy down for qualified buyers. Welcome to your own private oasis! This beautifully maintained 4-bedroom, 2-bathroom pool home offers the perfect blend of comfort, energy efficiency, and outdoor enjoyment. The solar-heated pool comes with owned solar panels—fully paid off, and the home also features solar energy, with the sellers willing to pay off the system depending on the terms. Step inside to discover a spacious split floor plan with light-filled living areas, enhanced by skylights that flood the space with natural light. The open-concept kitchen and living room create a seamless flow that's perfect for everyday living and entertaining. Outside, enjoy lush landscaping and a fully fenced backyard, perfect for relaxing or hosting gatherings. Major updates include a new roof in 2021 and an HVAC system installed in 2017, giving you peace of mind for years to come. For added security and convenience, the home is equipped with cameras, which will convey with the sale. Whether you're enjoying a peaceful morning on the patio or cooling off in your private pool, this home offers the best of Florida living—with no HOA and long-term energy savings already in place.

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Location


Property Details


Parking

  • Description: Additional Parking, Garage, Garage Door Opener, Guest, Off Street
  • Details: Attached
  • Garage Spaces: 2
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

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

Interior Features

  • # of Rooms: 8
  • # of Stories: 1

Exterior Features

  • Exterior Walls Materials: Stucco
  • Foundation: Slab
  • Roof Type: Gable or Hip
  • Roof Material: Shingle
  • Pool: Yes

Land Information

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

Lot Information

  • Parcel ID: 0711317027003300220
  • Lot Size: 9999 sqft

Property Information

  • Property Type: Single Family Residence
  • Year Built: 1988

Tax Information

  • Annual Tax: $2,964

Utilities

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

Location

  • County: Flagler

Listing Details


Listed by:
Karrie Holloway
TAKE ACTION PROPERTIES, LLC
(386) 547-2585

Source:
Stellar MLS
MLS#: FC310442
Stellar MLS

Investment Summary


Monthly Cash Flow
-$401
Cap Rate
5.0%
Cash-on-Cash Return
-5.6%
Debt Coverage Ratio
0.79
Internal Rate of Return (5 years)
-1.5%

Purchase Details

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Purchase price:
$372,000
Amount financed:
-$297,600
Down payment:
$74,400
Closing costs:
$11,160
Rehab costs:
$0
Initial cash invested:
$85,560
Square feet:
2,421
Cost per square foot:
$154
Monthly rent per square foot:
$1.07

Financing Details

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Loan amount:
$297,600
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.840%
Principal & interest:
$1,948
Property tax:
$247
Insurance:
$182
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,377

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,600 $31,200
Vacancy loss: (6%)
6% -$156 -$1,872
Operating income:
$2,444 $29,328

Operating Expenses


% Rent Monthly Yearly
Property taxes: (10%)
10%-$247-$2,964
Insurance: (7%)
7%-$182-$2,184
Property management: (8%)
8%-$208-$2,496
Repairs & maintenance: (5%)
5%-$130-$1,560
Capital expenditures: (5%)
5%-$130-$1,560
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (35%)
35%-$897-$10,764

Cash Flow


Monthly Yearly
Net operating income:
$1,547 $18,564
Mortgage payments:
-$1,948 -$23,376
Cash flow:
$401 $4,812