58 Kankakee Trl · Palm Coast, FL 32164

$245,900

4 bd · 3.0 ba · 1,848 sqft · SingleFamily public records · 41 Days on market

Built 1996 10,019 sqft lot Est $323k · 24% under ↓ 5% since listing

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Why this score? — see what drove the B 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 +26.8/30.0
• ARV discount +15.0/15.0
• DSCR +9.2/10.0
• 1% rule +6.3/10.0
• 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

Under contract-accepting backup offers. Spacious 4BD/3BA split-level home. Priced for a quick sale and ready for some TLC. THE LAYOUT: Upstairs features a living/dining combo, kitchen, master suite, second bedroom/bath, and deck access. The lower level adds 2 bedrooms and a 3rd full bath—perfect for high-resale appeal or rental. THE X-FACTOR: A rare 3-car garage provides a massive value-add for the area. The exterior includes a fenced area for pets. PRIME LOCATION: Strategy is all about convenience. Located seconds from US-1 and within 20 minutes of the beach, hospitals, major shopping, and I-95. Roof 2013, AC 2017 Property needs TLC and is sold AS-IS. This is the high-margin projec

Key facts

• Deck access
• Living dining combo
• Split-level home

Tags

• SPLIT-LEVEL HOME
• LIVING DINING COMBO
• DECK ACCESS
• 3 CAR GARAGE
• FENCED AREA FOR PETS
• CONVENIENCE LOCATION

Property features AI

Finance

• Other: Homestead exempt
• HOA & community: Located in the Quail Hollow development

Exterior

• Parking: Attached garage; 3-car garage
• Utilities: Public water; Holding tank sewer; Electricity connected; Cable available; Water service connected
• Home design: Single family residence; Two stories; Faces west; Residential zoning (SFR 3)
• Construction: Vinyl siding; Shingle roof; Slab foundation; Built on lot of about 0.23 acres
• Exterior features: Other exterior features; Asphalt road access

Interior

• Kitchen: Dishwasher; Microwave
• Bedrooms: 4 bedrooms
• Flooring: Concrete floors; Laminate floors
• Bathrooms: 3 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Ceiling fans; High ceilings; Split bedroom layout; Walk-in closets
• Laundry & utility: Laundry in garage

What this means for you Summary

Snapshot

• This is a 4-bed/3.0-bath single-family listed at $246k.

Deal economics

• At list price, monthly cash flow is $677 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $246k).
• Recommended offer: $239k (3.0% below list) — sets the bar for market timing.
• Cap rate 9.6% 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: Bunnell Elementary School (math 42% / reading 44%, grade F, #1,366 of 2,144 statewide, top 64%, 1,080 students, 73% FRL); Flagler-Palm Coast High School (math 36% / reading 51%, grade F, #248 of 667 statewide, top 38%, 2,523 students, 52% FRL).
• Market conditions: Rents rising (+1.2%/yr); 1367 active listings in the ZIP; 11 comparable units currently listed for rent nearby; rentals at typical pace (median 21d 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).
• This rent runs 44% 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 $2k of loan paydown is wiped out by about $7k 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 41 days — a 3% lower offer ($239k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $14k (5%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

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

Recommended offer $238,523 (3.0% below list)

Questions for the listing agent

1. It's been on market 41 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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: 1.13% ✓
• Cap rate: 9.60%
• Cash-on-cash: 11.79%
• DSCR: 1.52
• GRM: 7.4

CMA / ARV

• ARV (on-the-fly): $323,400
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
58 Kankakee Trl	0.00mi	4/3.0	1,848 (0%)	0mo	$220,000	$119	100
65 Kalamazoo Trl	0.25mi	4/2.0	1,798 (-3%)	5mo	$315,000	$175	75
1 Kaslo Ct	0.06mi	4/2.0	1,684 (-9%)	6mo	$280,888	$167	74
5 Kalendar Ct	0.17mi	3/2.0 (-1)	1,764 (-4%)	4mo	$324,900	$184	72
3 Kanawha Ct	0.20mi	3/2.0 (-1)	1,808 (-2%)	8mo	$308,000	$170	72
75 Kankakee Trl	0.14mi	4/2.0	2,044 (+11%)	3mo	$414,990	$203	70
77 Kankakee Trl	0.16mi	3/2.0 (-1)	2,034 (+10%)	3mo	$335,000	$165	65
44 Kalamazoo Trl	0.42mi	3/2.0 (-1)	1,879 (+2%)	9mo	$317,000	$169	61
36 Kaywood Pl	0.56mi	4/3.0	1,969 (+6%)	4mo	$320,000	$163	60
5 Kaffee Ct	0.26mi	3/2.0 (-1)	1,662 (-10%)	9mo	$300,000	$181	55
76 Kankakee Trl	0.15mi	3/2.0 (-1)	1,614 (-13%)	10mo	$296,000	$183	55
12 Kathleen Trl	0.58mi	4/2.0	2,017 (+9%)	2mo	$352,500	$175	52

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 · 1.18% rent growth · sell at horizon

5-year hold

• IRR: -0.7%
• Equity multiple: 0.97×
• Total profit: $-1,801
• Equity at exit: $36,664

10-year hold

• IRR: 7.1%
• Equity multiple: 1.49×
• Total profit: $33,923
• Equity at exit: $21,261

Cash invested: $68,852 (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: 7.4×

Monthly cashflow live

• Estimated rent: $2,770 high
• Mortgage (P&I): −$1,290
• Tax from tax record: −$119 /mo · $1,431/yr
• Insurance: −$102
• HOA: −$0
• Vacancy / Maint / Mgmt: −$582
• Net cashflow: $677

Break-even live

Break-even rent $1,913

Max offer price $245,900

Occupancy floor 71%

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: $61,475
• Closing costs: $7,377
• Reserves months: —
• Total cash needed: —

Rent comps 11 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
67 Kashmir Trl Unit 1261620P Palm Coast, FL	3.0	3.0	2594	$5,074	$1.96	2d	1	0.28mi
8 Kaiser Pl Palm Coast, FL	3.0	2.5	1834	$2,200	$1.20	21d	1	0.64mi
92 Karas Trl Palm Coast, FL	4.0	2.0	1650	$2,050	$1.24	14d	1	1.00mi
21 Zorach Pl Palm Coast, FL	3.0	2.0	1376	$1,649	$1.20	14d	1	1.07mi
9 Zorro Ct Palm Coast, FL	4.0	3.0	2306	$2,350	$1.02	2d	1	1.09mi
29 Zoeller Ct Palm Coast, FL	3.0	2.0	2112	$1,800	$0.85	23d	1	1.21mi
48 Karas Trl Palm Coast, FL	3.0	2.0	1558	$1,750	$1.12	23d	1	1.24mi
5 Llestone Path Palm Coast, FL	4.0	2.0	1867	$2,200	$1.18	23d	1	1.25mi
6 Lleberry Path Palm Coast, FL	4.0	2.0	1867	$2,200	$1.18	23d	1	1.25mi
28 Karas Trl Palm Coast, FL	4.0	2.0	1617	$2,065	$1.28	23d	1	1.37mi
17 Karas Trl Unit B Palm Coast, FL	4.0	2.0	1524	$1,715	$1.13	2d	1	1.45mi

Listing history 7 events

1. 2026-05-14
   status Pending
2. 2026-05-06
   price $245,900
3. 2026-04-27
   price $247,900
4. 2026-04-16
   status Active
5. 2026-04-03
   status Pending
6. 2026-03-31
   price $254,900
7. 2026-03-21
   listed $259,900 Active

ⓘ 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: $1,431 · $119/mo
• Projected year-2 tax: $2,041 · $170/mo
• Expected delta: +$610/yr (+$51/mo · 42.6%)

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

Climate risk First Street

• 🌊 Flood 6/10 Major FEMA zone X (unshaded) · 67% chance over 30 yrs
• 🔥 Wildfire 5/10 Major
• 🌡 Heat 9/10 Extreme 7 d/yr ≥107°F today · 21 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $33,235
• − Mortgage interest: −$13,774
• − Property taxes: −$1,431
• − Insurance: −$1,230
• − Repairs & maintenance: −$2,659
• − Management: −$2,659
• − Depreciation: −$7,153
• Taxable income: $4,329
• Est. tax owed @ 24.0%: −$1,039
• After-tax cash flow: $7,082/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

-5.4% since first listed

7 events — show timeline

• 2026-05-14 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-05-06 Price Changed $245,900 Stellar MLS as Distributed by MLS Grid
• 2026-04-27 Price Changed $247,900 Stellar MLS as Distributed by MLS Grid
• 2026-04-16 Relisted — Stellar MLS as Distributed by MLS Grid
• 2026-04-03 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-03-31 Price Changed $254,900 Stellar MLS as Distributed by MLS Grid
• 2026-03-21 Listed $259,900 Stellar MLS as Distributed by MLS Grid

Property tax history

+1.9%/yr

Latest (2025): $1,431 · +3.1% YoY. Source: county tax records.