1020 Cherry RdWest Palm BeachFL33409
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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
Investment property for sale in West Palm Beach at 1020 Cherry Rd, West Palm Beach, FL, 33409 earns $280/mo cash flow from $2,935/mo rent with a $1,958/mo payment. Total monthly income totals $2,935/mo, and annual cash flow totals $3,364/yr on $132,600 capital. ROI tracks 22.45% on current figures, and rental yield reads 8.8% at a $400,000 purchase. Equity gained on principal adds $2,581/yr, and 5% annual appreciation supports $110,513 over five years. Five-year ROI reaches 117.05% and total cumulative return in cash sums $155,212. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,935/mo property income instead of your personal income.
Single Family
Built in 1953
6,198 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33409, West Palm Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,274 (100%) |
| Owner Occupied HU | 5,595 (39.2%) |
| Renter Occupied HU | 7,596 (53.2%) |
| Vacant Housing Units | 1,083 ( 7.6%) |
| Median Home Value | $369,591 |
| Average Home Value | $519,718 |
Housing Distribution
Address Breakdown
Residential
12,622
Single Family
7,927
Multi-Family
4,695
Businesses
1,880
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Listed by: Martineau Dimanche • Intelligence Choice Realty LLC
Mls Name: BeachesMLS
Mls ID: #F10519399