3 Zorro Ct · Palm Coast, FL 32164

$5,000

5 bd · 5.0 ba · 3,918 sqft · SingleFamily public records · 6 Days on market

Built 2009

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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 +15.0/30.0
• ARV discount +7.5/15.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Schools +4.6/10.0
• Livability +3.5/5.0
• Rent growth +2.8/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Foreclosure Auction Ends May 29, 2026 at 11:00 AM EST. Explore this charming 5-bedroom, 4.5-bath residence set in a peaceful and well-located Palm Coast community. The list price is the opening bid for the online auction. Sold As-is. Explore more details and submit your bid through Federa.

Key facts

• 3 garage spots
• Listed 5 days

Property features AI

Exterior

• Parking: 3-car garage
• Home design: Residential property; 2 stories
• Exterior features: Lot zoned SFR-1

Interior

• Bathrooms: Four full bathrooms; One half bathroom
• Interior features: Two-story interior

What this means for you Summary

Snapshot

• This is a 5-bed/5.0-bath single-family listed at $5k.

Deal economics

• At list price, monthly cash flow is $2k ($22k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $5k).
• Cap rate 447.5% 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.
• Market conditions: Rents rising (+1.2%/yr); 1367 active listings in the ZIP; solid renter incomes; 2,588 units permitted in Flagler County in 2024 (0 in 5+ unit buildings).
• This rent runs 37% of the median local income ($76k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $35 of loan paydown is wiped out by about $150 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.
• At projected returns (-3.0% appreciation + 1.2% rent growth), your $1k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• Only 6 days on market — expect competitive offers; lowballing is unlikely to land.
• 11 sale attempts since 17y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $5,000

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. 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?
3. 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.
4. 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.
5. 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: 47.42% ✓
• Cap rate: 447.52%
• Cash-on-cash: 1575.81%
• DSCR: 71.11
• GRM: 0.2

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 1.18% rent growth · sell at horizon

5-year hold

• IRR: —
• Equity multiple: 81.04×
• Total profit: $112,052
• Equity at exit: $746

10-year hold

• IRR: —
• Equity multiple: 166.44×
• Total profit: $231,622
• Equity at exit: $432

Cash invested: $1,400 (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 32164

• Home prices YoY: -6.3%
• Rents YoY: 1.2%
• Active inventory: 1367
• Price-to-rent: 0.2×

Monthly cashflow live

• Estimated rent: $2,371 medium
• Mortgage (P&I): −$26
• Tax est. 1.5%: −$6 /mo · $75/yr
• Insurance: −$2
• HOA: −$0
• Vacancy / Maint / Mgmt: −$498
• Net cashflow: $1,838

Break-even live

Break-even rent $44

Max offer price $5,000

Occupancy floor 17%

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: $1,250
• Closing costs: $150
• Reserves months: —
• Total cash needed: —

Listing history 28 events

1. 2026-05-21
   listed $5,000 Active
2. 2026-01-05
   historical
3. 2025-11-28
   status Active
4. 2025-11-06
   status Pending
5. 2025-08-26
   price $475,000
6. 2025-08-12
   price $480,000
7. 2025-07-22
   price $495,000
8. 2025-07-04
   listed $510,000 Active
9. 2024-06-14
   historical
10. 2024-03-13
    price $679,900
11. 2023-12-18
    listed $700,000 Active
12. 2022-06-22
    historical
13. 2021-10-04
    soldstatus $410,000
14. 2021-09-15
    soldstatus $410,000
15. 2021-08-05
    listed $430,000
16. 2018-08-16
    soldstatus $350,000
17. 2018-07-06
    soldstatus $350,000
18. 2018-07-06
    soldstatus $350,000
19. 2018-04-03
    historical
20. 2018-03-29
    listed $369,000
21. 2018-03-29
    listed $369,000
22. 2018-03-24
    listed $369,000
23. 2018-01-04
    historical
24. 2017-08-16
    listed $389,900
25. 2016-06-03
    listed $389,500
26. 2009-04-30
    soldstatus $225,750
27. 2009-02-04
    listed $225,750
28. 2005-10-05
    soldstatus $67,000

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

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 9/10 Extreme 7 d/yr ≥106°F today · 22 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: $28,451
• − Mortgage interest: −$280
• − Property taxes: −$75
• − Insurance: −$25
• − Repairs & maintenance: −$2,276
• − Management: −$2,276
• − Depreciation: −$145
• Taxable income: $23,373
• Est. tax owed @ 24.0%: −$5,610
• After-tax cash flow: $16,452/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): 56,658
• Household income: $76,399
• Rent vs Own: 20.4% rent · 79.6% own
• Severe rent burden: 1291.0

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 (65%)
• Race & ethnicity: White 65% Hispanic / Latino 14% Black 13% Two or more races 8% Asian 2%
• Hispanic origin (detail): Mexican 4% Puerto Rican 4% Cuban 2%
• Common ancestry: Romanian 3% Russian 2% Slovak 2%
• Foreign-born: 16% · Canada, Jamaica
• Languages at home: 81% English-only · Spanish 9% Russian/Polish/Slavic 3% Other Indo-European 3%

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: ▼ -19.89%
• Current HPI: 297.4942
• Rent YoY: ▲ 1.18%
• 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

-92.5% since first listed

28 events — show timeline

• 2026-05-21 Listed $5,000 NFMLS
• 2026-01-05 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2025-11-28 Relisted — Stellar MLS as Distributed by MLS Grid
• 2025-11-06 Pending — Stellar MLS as Distributed by MLS Grid
• 2025-08-26 Price Changed $475,000 Stellar MLS as Distributed by MLS Grid
• 2025-08-12 Price Changed $480,000 Stellar MLS as Distributed by MLS Grid
• 2025-07-22 Price Changed $495,000 Stellar MLS as Distributed by MLS Grid
• 2025-07-04 Listed $510,000 Stellar MLS as Distributed by MLS Grid
• 2024-06-14 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2024-03-13 Price Changed $679,900 Stellar MLS as Distributed by MLS Grid
• 2023-12-18 Listed $700,000 Stellar MLS as Distributed by MLS Grid
• 2022-06-22 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2021-10-04 Sold (Public Records) $410,000 Public Records
• 2021-09-15 Sold (MLS) $410,000 Stellar MLS as Distributed by MLS Grid
• 2021-08-05 Listed $430,000 Stellar MLS as Distributed by MLS Grid
• 2018-08-16 Sold (Public Records) $350,000 Public Records
• 2018-07-06 Sold (MLS) $350,000 Daytona MLS
• 2018-07-06 Sold (MLS) $350,000 Stellar MLS as Distributed by MLS Grid
• 2018-04-03 Listing Removed — Daytona MLS
• 2018-03-29 Listed $369,000 Daytona MLS
• 2018-03-29 Listed $369,000 Daytona MLS
• 2018-03-24 Listed $369,000 Stellar MLS as Distributed by MLS Grid
• 2018-01-04 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2017-08-16 Listed $389,900 Stellar MLS as Distributed by MLS Grid
• 2016-06-03 Listed $389,500 Stellar MLS as Distributed by MLS Grid
• 2009-04-30 Sold (MLS) $225,750 Stellar MLS as Distributed by MLS Grid
• 2009-02-04 Listed $225,750 Stellar MLS as Distributed by MLS Grid
• 2005-10-05 Sold (Public Records) $67,000 Public Records

Property tax history

+8.8%/yr

Latest (2025): $7,268 · -2.6% YoY. Source: county tax records.