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$499,900

For Sale - Active
9 Mount Vernon Ln, Palm Coast, FL 32164
4 Beds
3 Baths
2,215 Square Feet
0.49 Acres Lot
Built in 1996
For Sale - Active
1 Units
Checked: 14 hours ago
Updated: Jun 20, 2025 at 03:09AM

Investment Summary


Monthly Cash Flow
-$723
Cap Rate
4.4%
Cash-on-Cash Return
-7.5%
Debt Coverage Ratio
0.72
Internal Rate of Return (5 years)
-3.3%

Property Description


0.49 Acres Lot
Built in 1996
For Sale - Active
1 Units

This is a Beautiful two-story pool home in the private and quiet Arlington community inside the Pine Lakes subdivision. This spacious home is set on an oversized lot that is almost a half-acre of manicured trees and landscaping. The 2-car garage has an electric door opener, and a screen to enjoy during the summers. Large first floor main bedroom with 2 walk-in closets and a private bath with a walk-in tiled shower. Enjoy your privacy with three bedrooms and a bath upstairs. An open loft that overlooks the living area. The kitchen includes modern stainless-steel appliances, Granite countertops, a kitchen nook and it is open to the Dining and living area. New knock down ceilings. Beautiful arched high windows that let the light in the living area. Don't worry about air quality: Air scrubbers with certified space technology installed in each of the 2 air handlers which reduce contaminants. Insulation in ceiling has been removed and replaced with foam insulation for Better Energy Efficiency. New water heater. The 1276 sq ft. Pool deck has been completely redone with pavers and a new drain system. This pristine pool has been recently resurfaced with new designs and lighting. This home has been completely remodeled. New Spanish tile roof, 2 new air conditioners, water heater, pool pump and meter, water pump. Open kitchen has new flooring, granite surfaces, new appliances and more. The Sellers are Realtors. Come and see this home soon!

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Location


Property Details


Parking

  • Description: Attached
  • Details: 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: 6
  • # of Stories: 1

Exterior Features

  • Exterior Walls Materials: Stucco
  • Foundation: Block, Concrete Perimeter
  • Roof Type: Gable or Hip
  • Roof Material: Slate
  • Pool: Yes

HOA

  • Has HOA: Yes
  • Association: Katie Almeida
  • HOA Fee: $135/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
  • Year Built: 1996

Tax Information

  • Annual Tax: $5,309

Utilities

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

Location

  • County: Flagler

Listing Details


Listed by:
Hilda Garcia Moore, PA
REALTY EXCHANGE, LLC
(407) 301-8061

Source:
Stellar MLS
MLS#: FC306377
Stellar MLS

Investment Summary


Monthly Cash Flow
-$723
Cap Rate
4.4%
Cash-on-Cash Return
-7.5%
Debt Coverage Ratio
0.72
Internal Rate of Return (5 years)
-3.3%

Purchase Details

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Purchase price:
$499,900
Amount financed:
-$399,920
Down payment:
$99,980
Closing costs:
$14,997
Rehab costs:
$0
Initial cash invested:
$114,977
Square feet:
2,215
Cost per square foot:
$226
Monthly rent per square foot:
$1.58

Financing Details

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Loan amount:
$399,920
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$2,561
Property tax:
$442
Insurance:
$245
Private mortgage insurance (PMI):
$0
Monthly payment:
$3,248

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: (13%)
13%-$442-$5,309
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: (4%)
4%-$135-$1,620
Total operating expenses: (41%)
41%-$1,452-$17,429

Cash Flow


Monthly Yearly
Net operating income:
$1,838 $22,056
Mortgage payments:
-$2,561 -$30,732
Cash flow:
$723 $8,676