51 Foster Ln · Palm Coast, FL 32137

$250,000

3 bd · 2.0 ba · 1,260 sqft · SingleFamily public records · 171 Days on market

Built 2001 0.26 ac lot Est $249k · at est.

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Why this score? — see what drove the D grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +14.1/30.0
• ARV discount +7.4/15.0
• Schools +4.6/10.0
• DSCR +4.3/10.0
• Livability +3.5/5.0
• 1% rule +3.1/10.0
• Rent growth +2.7/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Nice single story 3/2 home built in 2001. With a 2 car garage, open floor plan, carpeted floor, and a living room that leads to a rear open patio. Close to shopping and schools. Calendar Days 0-7: No offers will be considered for the first 7 calendar days a home is listed. We want REO's to have exposure to the market and potential buyers. Calendar Days 8-12: We will consider offers on the property ONLY from NSP buyers, municipalities, non-profit organizations and owner-occupants. Calendar Days 13+: We will consider offers from all buyers.

Key facts

• Private bath
• Walk-in closet
• Split floor plan

Tags

• NEW ROOF
• FULLY FENCED BACKYARD
• PRIVATE BATH
• WALK-IN CLOSET
• SPLIT FLOOR PLAN
• SPACIOUS KITCHEN

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $250k.

Deal economics

• At list price, monthly cash flow is $38 ($451/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $203k (18.7% below list).
• Recommended offer: $203k (18.7% below list) — sets the bar for 1% rule.
• Cap rate 6.5% vs local median 3.8% in Palm Coast — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 69/100 on livability (#478 in FL) — a middle-class / working-renter tenant base. Strengths: housing A+, health & safety A+, cost of living B+; Watch: amenities F, commute F.
• Flagler (rural): math 53% / reading 56% proficiency, ranked #20 of 73 in FL (top 27%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Belle Terre Elementary School (math 64% / reading 64%, grade B, #552 of 2,144 statewide, top 26%, 1,190 students, 58% FRL); Indian Trails Middle School (math 64% / reading 59%, grade B+, #124 of 571 statewide, top 22%, 1,518 students, 50% FRL); Matanzas High School (math 36% / reading 53%, grade F, #237 of 667 statewide, top 36%, 1,978 students, 48% FRL) — zoned schools at 52% FRL track the district average.
• Market conditions: Rents flat; 1616 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 16d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 2,588 units permitted in Flagler County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $8k of value loss. Plan a longer hold.
• Flagler County population projected at +28% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 171 days — a 12% lower offer ($220k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 15y ago; this cycle's ask has dropped $30k (11%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $80k; list at $250k implies a 213% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $203,151 (18.7% below list)

Questions for the listing agent

1. It's been on market 171 days. Have you received any prior offers? Is the seller open to a 19% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
5. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
6. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
7. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.81% ✗
• Cap rate: 6.47%
• Cash-on-cash: 0.64%
• DSCR: 1.03
• GRM: 10.3

CMA / ARV

• ARV (on-the-fly): $249,480
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
51 Foster Ln	0.00mi	3/2.0	1,260 (0%)	1mo	$250,000	$198	99
57 Folson Ln	0.09mi	3/2.0	1,412 (+12%)	1mo	$265,000	$188	75
73 Fort Caroline Ln	0.18mi	2/2.0 (-1)	1,356 (+8%)	1mo	$265,000	$195	73
52 Fleming Ct	0.39mi	3/2.0	1,309 (+4%)	3mo	$500,000	$382	73
89 Foster Ln	0.17mi	2/2.0 (-1)	1,378 (+9%)	2mo	$265,000	$192	70
78 Freeport Ln	0.52mi	3/2.0	1,311 (+4%)	2mo	$220,000	$168	67
93 Freeport Ln	0.52mi	2/2.0 (-1)	1,304 (+4%)	2mo	$249,000	$191	63
7 Ferris Ln	0.46mi	3/2.0	1,134 (-10%)	6mo	$195,000	$172	57
12 Ferris Ln	0.48mi	2/2.0 (-1)	1,443 (+14%)	3mo	$287,500	$199	46
3 Flamingo Dr	0.45mi	2/2.0 (-1)	1,090 (-14%)	8mo	$245,000	$225	45
2 Clarendon Ct S	0.67mi	2/2.0 (-1)	1,426 (+13%)	3mo	$380,000	$266	40
6 Cardwell Ct	0.65mi	3/2.0	1,446 (+15%)	9mo	$530,000	$367	37

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 0.85% rent growth · sell at horizon

5-year hold

• IRR: -17.5%
• Equity multiple: 0.39×
• Total profit: $-42,487
• Equity at exit: $37,276

10-year hold

• IRR: -13.8%
• Equity multiple: 0.27×
• Total profit: $-51,099
• Equity at exit: $21,615

Cash invested: $70,000 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Florida: 87 Strongly Landlord-Friendly · R+3
• County: — inherits STATE
• City: — inherits STATE

3-day pay-or-quit; preempts local rent control; landlord-friendly statutes. Court speed varies by county.

Methodology + full state rankings →

ZIP-level market 32137

• Home prices YoY: -34.5%
• Rents YoY: 0.8%
• Active inventory: 1616
• Price-to-rent: 10.3×

Monthly cashflow live

• Estimated rent: $2,032 high
• Mortgage (P&I): −$1,311
• Tax from tax record: −$152 /mo · $1,825/yr
• Insurance: −$104
• HOA: −$0
• Vacancy / Maint / Mgmt: −$427
• Net cashflow: $38

Break-even live

Break-even rent $1,984

Max offer price $250,000

Occupancy floor 93%

Sensitivity live

Price	-10% $179	-5% $108	+0% $38	+5% $-33	+10% $-104
Rent	-10% $-123	-5% $-43	+0% $38	+5% $118	+10% $198
Rate	-1.0pp $163	-0.5pp $101	base $38	+0.5pp $-27	+1.0pp $-93

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $62,500
• Closing costs: $7,500
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
31 Folson Ln Palm Coast, FL	3.0	1.0	1481	$1,639	$1.11	25d	1	0.08mi
70 Forrester Pl Palm Coast, FL	3.0	2.0	1700	$2,000	$1.18	4d	1	0.13mi
11 Ferris Ln Palm Coast, FL	3.0	2.0	1500	$2,800	$1.87	4d	1	0.48mi
40 Club House Dr #207 Palm Coast, FL	2.0	2.0	986	$1,550	$1.57	13d	1	0.55mi
48 Club House Dr #204 Palm Coast, FL	2.0	2.0	986	$1,495	$1.52	25d	1	0.60mi
29 Foxhall Ln Palm Coast, FL	2.0	2.0	1029	$1,800	$1.75	15d	1	0.62mi
13 Freemont Ct Palm Coast, FL	3.0	2.0	1637	$2,300	$1.41	4d	1	0.63mi
56 Club House Dr #107 Palm Coast, FL	2.0	2.0	986	$1,700	$1.72	16d	1	0.63mi
58 Club House Dr Palm Coast, FL	2.0	1.5	1216	$1,795	$1.48	25d	1	0.68mi
48 Kings Colony Ct #48 Palm Coast, FL	2.0	2.0	1021	$1,595	$1.56	16d	1	0.83mi
30 Farmsworth Dr Unit B Palm Coast, FL	2.0	2.0	1019	$1,600	$1.57	25d	1	0.84mi
214 Coral Reef Ct N Unit B Palm Coast, FL	4.0	2.0	1300	$1,850	$1.42	4d	1	0.85mi
42 Farmsworth Dr Unit A Palm Coast, FL	3.0	2.0	1338	$1,995	$1.49	4d	1	0.86mi
15 Florida Park Dr #6 Palm Coast, FL	2.0	1.5	1159	$1,450	$1.25	4d	1	0.86mi
90a Farmsworth Dr Palm Coast, FL	2.0	2.0	1125	$1,400	$1.24	4d	1	0.93mi
24 Claridge Ct S Palm Coast, FL	3.0	2.0	1817	$3,600	$1.98	25d	1	0.94mi
59 Fallen Oak Ln Unit 1261618P Palm Coast, FL	3.0	3.0	1797	$3,355	$1.87	16d	1	0.99mi
87 Club House Dr Palm Coast, FL	3.0	2.0	1265	$2,500	$1.98	25d	1	1.06mi
9 Collinson Ct Palm Coast, FL	3.0	2.0	1276	$2,250	$1.76	4d	1	1.06mi
27 Cooper Ln Palm Coast, FL	3.0	2.0	1446	$6,500	$4.50	25d	1	1.07mi
21 Farnell Ln Unit B Palm Coast, FL	3.0	2.0	1211	$1,550	$1.28	16d	1	1.09mi
15 Columbia Ln Unit A Palm Coast, FL	3.0	2.0	1260	$1,650	$1.31	25d	1	1.10mi
16 Courtney Pl Palm Coast, FL	2.0	2.0	1510	$2,100	$1.39	25d	1	1.17mi
14 Cedarview Ct Palm Coast, FL	3.0	2.0	1462	$2,200	$1.50	25d	1	1.17mi
13 Courtney Pl Palm Coast, FL	2.0	2.0	1292	$1,700	$1.32	4d	1	1.21mi
63 Beaverdam Ln Palm Coast, FL	3.0	2.0	1591	$1,895	$1.19	4d	1	1.22mi
69 Beckner Ln Unit NA Palm Coast, FL	3.0	2.0	1412	$1,998	$1.42	4d	1	1.28mi
51 Blairsville Dr Palm Coast, FL	2.0	2.0	1240	$1,750	$1.41	25d	1	1.29mi
35 Captains Walk Palm Coast, FL	3.0	2.5	1565	$2,400	$1.53	25d	1	1.34mi
2 Pinehurst Pl Palm Coast, FL	2.0	2.0	1177	$1,475	$1.25	23d	1	1.35mi
2 Pinehurst Pl Palm Coast, FL	2.0	2.0	1177	$1,475	$1.25	25d	1	1.35mi
2 Pinehurst Pl #2 Palm Coast, FL	2.0	2.0	1177	$1,575	$1.34	25d	1	1.35mi
68 Felwood Ln Palm Coast, FL	3.0	2.0	1033	$1,900	$1.84	4d	1	1.37mi
36 Oxford Ln Palm Coast, FL	2.0	2.0	1098	$1,595	$1.45	25d	1	1.37mi
57 Columbia Ln Unit B Palm Coast, FL	3.0	2.0	1200	$1,700	$1.42	4d	1	1.37mi
13 Surrey Ct Palm Coast, FL	3.0	2.0	1338	$1,600	$1.20	25d	1	1.37mi
13 Surrey Ct #13 Palm Coast, FL	3.0	2.0	1338	$1,650	$1.23	25d	1	1.37mi
25 Riverview Bnd N Unit 1546088P Palm Coast, FL	3.0	2.0	1819	$2,581	$1.42	16d	1	1.38mi
7 Blairton Ct Palm Coast, FL	2.0	2.0	1263	$1,500	$1.19	13d	1	1.39mi
3 Fairways Cir Unit 3 Palm Coast, FL	2.0	2.0	1150	$1,395	$1.21	25d	1	1.41mi

Listing history 10 events

1. 2026-04-23
   status Pending
2. 2026-02-19
   price $250,000
3. 2026-02-02
   price $255,000
4. 2026-01-13
   price $260,000
5. 2025-12-18
   price $250,000
6. 2025-12-12
   price $260,000
7. 2025-11-03
   listed $280,000 Active
8. 2011-04-12
   soldstatus $79,900 544-char remark

   Show marketing remark (544 chars)

   Nice single story 3/2 home built in 2001. With a 2 car garage, open floor plan, carpeted floor, and a living room that leads to a rear open patio. Close to shopping and schools. Calendar Days 0-7: No offers will be considered for the first 7 calendar days a home is listed. We want REO's to have exposure to the market and potential buyers. Calendar Days 8-12: We will consider offers on the property ONLY from NSP buyers, municipalities, non-profit organizations and owner-occupants. Calendar Days 13+: We will consider offers from all buyers.

9. 2011-01-13
   listed $79,900 544-char remark

   Show marketing remark (544 chars)

   Nice single story 3/2 home built in 2001. With a 2 car garage, open floor plan, carpeted floor, and a living room that leads to a rear open patio. Close to shopping and schools. Calendar Days 0-7: No offers will be considered for the first 7 calendar days a home is listed. We want REO's to have exposure to the market and potential buyers. Calendar Days 8-12: We will consider offers on the property ONLY from NSP buyers, municipalities, non-profit organizations and owner-occupants. Calendar Days 13+: We will consider offers from all buyers.

10. 1990-08-01
    soldstatus $12,100

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast FL · Resets to sale price

• Current annual tax: $1,825 · $152/mo
• Projected year-2 tax: $2,075 · $173/mo
• Expected delta: +$250/yr (+$21/mo · 13.7%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 4/10 Moderate FEMA zone X (unshaded) · 13% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 9/10 Extreme 7 d/yr ≥106°F today · 21 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $24,378
• − Mortgage interest: −$14,004
• − Property taxes: −$1,825
• − Insurance: −$1,250
• − Repairs & maintenance: −$1,950
• − Management: −$1,950
• − Depreciation: −$7,273
• Taxable loss: −$3,874
• Est. tax savings @ 24.0%: +$930
• After-tax cash flow: $1,381/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Flagler
• NCES district ID: 1200540
• Math proficiency: 53% ▼ -9.00%
• Reading proficiency: 56% ▼ -4.00%
• Median HH income: $48,354
• Composite: 46.35/100
• National rank: #2464
• State rank: #20 of 73 in FL

Livability — Palm Coast

• Score: 69/100
• State rank: #478
• US rank: #8721

Category grades

Amenities F Commute F Cost of living B+ Crime B Employment C+ Housing A+ Health & safety A+ User ratings D

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Palm Coast, FL
• County: Flagler County · 113,412 people
• City population: 105,049
• Metro: Deltona-Daytona Beach-Ormond Beach, FL
• Population (ZIP): 48,391
• Household income: $83,923
• Rent vs Own: 13.6% rent · 86.4% own
• Severe rent burden: 816.0

Population outlook (Flagler County) Hauer SSP2

• Today (2025): 123,474 people
• By 2030: 131,864 · +6.8%
• By 2040: 146,176 · +18.4%
• By 2050: 157,398 · +27.5%
• By 2075: 177,990 · +44.2%
• By 2100: 183,381 · +48.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (77%)
• Race & ethnicity: White 77% Hispanic / Latino 10% Two or more races 8% Black 6% Asian 3%
• Hispanic origin (detail): Puerto Rican 4% Cuban 1%
• Common ancestry: Romanian 4% Russian 2% Lithuanian 2%
• Foreign-born: 13% · Canada, Jamaica
• Languages at home: 85% English-only · Spanish 7% Other Indo-European 3% Russian/Polish/Slavic 2%

Political lean MEDSL · Flagler

• 2024 margin: Strong R (+28.2) · D 35.6% · R 63.8%
• 2008→2024 swing: -29.8pp toward R · 2008: 1.6pp · 2024: -28.2pp
• All cycles: 2024: R+28.2 2020: R+20.8 2016: R+20.6 2012: R+7.4 2008: D+1.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -153.27%
• Current HPI: 290.4607
• Rent YoY: ▲ 0.85%
• Metro: Deltona-Daytona Beach-Ormond Beach, FL
• State GDP YoY: ▲ 3.28%
• F500 in state: 36

Industry mix (Fortune 500 HQ in FL)

Industry	F500 HQs	Revenue
▸Industrial Technology	2	$29B
▸Insurance	2	$17B
▸Retail	1	$60B
▸Technology Distribution	1	$58B
▸Homebuilding	1	$35B
▸Technology Manufacturing	1	$35B

Price history

+1966.1% since first listed

10 events — show timeline

• 2026-04-23 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-02-19 Price Changed $250,000 Stellar MLS as Distributed by MLS Grid
• 2026-02-02 Price Changed $255,000 Stellar MLS as Distributed by MLS Grid
• 2026-01-13 Price Changed $260,000 Stellar MLS as Distributed by MLS Grid
• 2025-12-18 Price Changed $250,000 Stellar MLS as Distributed by MLS Grid
• 2025-12-12 Price Changed $260,000 Stellar MLS as Distributed by MLS Grid
• 2025-11-03 Listed $280,000 Stellar MLS as Distributed by MLS Grid
• 2011-04-12 Sold (MLS) $79,900 Stellar MLS as Distributed by MLS Grid
• 2011-01-13 Listed $79,900 Stellar MLS as Distributed by MLS Grid
• 1990-08-01 Sold (Public Records) $12,100 Public Records

Property tax history

+0.5%/yr

Latest (2025): $1,825 · +2.9% YoY. Source: county tax records.