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$455,000

Sold
9 Mount Vernon Ln, Palm Coast, FL 32164
4 Beds
3 Baths
2,215 Square Feet
0.49 Acres Lot
Built in 1996
Sold
1 Units
Checked: 2 days ago
Updated: Jun 24, 2025 at 01:48AM

Investment Summary


Potential Missing Expenses

We noticed that property taxes are missing—this is a standard expense and should be considered in your estimate.

Monthly Cash Flow
-$33
Cap Rate
6.1%
Cash-on-Cash Return
-0.4%
Debt Coverage Ratio
0.99
Internal Rate of Return (5 years)
3.6%

Property Description


0.49 Acres Lot
Built in 1996
Sold
1 Units

Beautiful two-story pool home in the private and quiet Arlington community inside Pine Lakes subdivision in desired Palm Coast. This spacious home is set on an oversized lot with a 2 car garage. Large first floor master bedroom with three bedrooms upstairs that also includes an open area that overlooks the living area downstairs and entry way. The kitchen includes stainless steel appliances and a breakfast nook. The sliding glass doors in the living room lead you out to the screened in porch where you can relax poolside or jump into the pool to cool off on those hot summer days. Conveniently located close to shopping, schools, churches, and Town Center. Don't miss out on this must see great buy, it wont last long! Previous buyer backed out because of Dog restrictions from the HOA, 2 dogs allowed per HOA. All inspections have been done and pool leak has been repaired, ready for a new buyer!

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Location


Property Details


Parking

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

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Partial): 1
  • # of Baths (Total): 3.0

Interior Features

  • # of Rooms: 11
  • # of Stories: 2

Exterior Features

  • Exterior Walls Materials: Stucco
  • Roof Type: Gable or Hip
  • Roof Material: Tile

HOA

  • Has HOA: Yes
  • Association: Pine Lakes HOA
  • HOA Fee: $117/monthly

Land Information

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

Lot Information

  • Parcel ID: 0711310325000000100
  • Lot Size: 21519 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Traditional
  • Year Built: 1996

Tax Information

  • Annual Tax: $0

Utilities

  • Water & Sewer: Public, Well
  • Heating: Central, Electric
  • Cooling: Central Air

Location

  • County: Flagler

Listing Details


Listed by:
P. Jordan Farrell (DR)
FARRELL BITTNER REAL ESTATE COMPANY
(386) 986-6744

Source:
Stellar MLS
MLS#: FC276056
Stellar MLS

Investment Summary


Potential Missing Expenses

We noticed that property taxes are missing—this is a standard expense and should be considered in your estimate.

Monthly Cash Flow
-$33
Cap Rate
6.1%
Cash-on-Cash Return
-0.4%
Debt Coverage Ratio
0.99
Internal Rate of Return (5 years)
3.6%

Purchase Details

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Purchase price:
$455,000
Amount financed:
-$364,000
Down payment:
$91,000
Closing costs:
$13,650
Rehab costs:
$0
Initial cash invested:
$104,650
Square feet:
2,215
Cost per square foot:
$205
Monthly rent per square foot:
$1.58

Financing Details

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Loan amount:
$364,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$2,331
Property tax:
$0
Insurance:
$245
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,576

Operating Income

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% Rent Monthly Yearly
Gross rent:
$3,500 $42,000
Vacancy loss: (6%)
6% -$210 -$2,520
Operating income:
$3,290 $39,480

Operating Expenses


% Rent Monthly Yearly
Property taxes: (n/a)
n/an/an/a
Insurance: (7%)
7%-$245-$2,940
Property management: (8%)
8%-$280-$3,360
Repairs & maintenance: (5%)
5%-$175-$2,100
Capital expenditures: (5%)
5%-$175-$2,100
HOA fees: (3%)
3%-$117-$1,404
Total operating expenses: (28%)
28%-$992-$11,904

Cash Flow


Monthly Yearly
Net operating income:
$2,298 $27,576
Mortgage payments:
-$2,331 -$27,972
Cash flow:
$33 $396