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About This Home

This 4-bedroom, 4-bathroom residential multi family at 5 Rainbow Lane in Palm Coast, FL is listed for $475,000 ($243 per sqft). Built in 2022, the home offers 1,954 sqft of living space on a 0.23 acres lot.

Agent Description

Investor Opportunity in Palm Coast! Well-maintained duplex located at 5 Rainbow Ln in Palm Coast, offering an excellent opportunity for investors seeking immediate rental income. Both units are currently leased through the end of October, providing built-in cash flow from day one.

Each unit offers comfortable living space with functional layouts, private entrances, and dedicated parking. The property is situated in a quiet residential area of Palm Coast, conveniently located near shopping, dining, parks, and major roadways, with easy access to the beach and surrounding communities. Whether you're looking to expand your rental portfolio or secure a steady income-producing property, this duplex presents a solid investment in one of Palm Coast's growing neighborhoods.

Key Features

  • Built in 2022
  • 0.23 acre lot

Property Details

1 story
4 full
2022

Amenities

A/C

Monthly Cost Estimate

$2,540/mo

20% down · 6.5% · 30 years

Principal$344
Interest$2,058
Insurance$139

Estimates only. Actual payments may vary.

Location

5 Rainbow Lane

Palm Coast, FL 32164

Property Details

Flooring

Laminate

Construction

Block Concrete Stucco

Parking

Open

Heating

Electric (Heating)Central

Cooling

Central Air

Questions & Answers

This 4-bedroom, 4-bathroom residential multi family at 5 Rainbow Lane is listed at $475,000 ($243/sqft). The estimated monthly payment is $2,058 based on 20% down at 6.5% interest.

Key features include: Built in 2022, 0.23 acre lot.

This property is listed by Thomas Bayrouty and can be reached at 4079133665 or thomas.bayrouty@redfin.com.

TB

Thomas Bayrouty

Agent at Redfin Corporation

(407) 913-3665

Listed by Redfin Corporation · View on Broker Site

MLS# 1223786· Source: listhub· Updated 88 days ago

Copyright © 2026 Daytona Beach Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

5 Rainbow Lane, Palm Coast, FL 32164

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