10000 Meridian Way N #15Palm Beach GardensFL33410
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Palm Beach Gardens at 10000 Meridian Way N #15, Palm Beach Gardens, FL, 33410 generates $1,489/mo in rent and, after a $1,027/mo payment, leaves $96/mo in cash flow. Total monthly income is $1,489/mo, and annual cash flow is $1,157/yr on $69,582 invested. Return on cash invested sits at 21.57% in year one, and rental yield is 8.51% on a $209,900 entry. Equity gained on principal adds $1,354/yr, while 5% annual appreciation builds toward $57,992 over five years. Five-year ROI reaches 112.39% and total cumulative return in cash sums $78,200. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,489/mo property income rather than buyer’s personal income.
Condo
Built in 1970
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33410, West Palm Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,945 (100%) |
| Owner Occupied HU | 11,740 (65.4%) |
| Renter Occupied HU | 4,521 (25.2%) |
| Vacant Housing Units | 1,684 ( 9.4%) |
| Median Home Value | $562,031 |
| Average Home Value | $758,647 |
Housing Distribution
Address Breakdown
Residential
17,511
Single Family
12,828
Multi-Family
4,683
Businesses
1,683
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Listed by: Gail Weir Robinson • Illustrated Properties LLC (Co
Mls Name: BeachesMLS
Mls ID: #RX-11146917