1020 Manor Drive #1-CPalm SpringsFL33461
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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 Palm Springs at 1020 Manor Drive #1-C, Palm Springs, FL, 33461 listed at $365,900 pairs $2,567/mo rent with a $1,791/mo payment to leave $139/mo cash flow. Total monthly income runs $2,567/mo, and annual cash flow reaches $1,665/yr on $121,296 cash to close. Return on cash invested measures 21.28% in year one, and rental yield registers 8.42% at a $365,900 basis. Equity gained on principal adds $2,361/yr, and annual property appreciation at 5% supports $101,091 by year five. Five-year ROI tracks 110.8% and total cumulative return in cash totals $134,390. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,567/mo property income relative to a $1,791/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Townhouse
Built in 1980
1,721 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33461, Lake Worth, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,231 (100%) |
| Owner Occupied HU | 8,710 (45.3%) |
| Renter Occupied HU | 8,553 (44.5%) |
| Vacant Housing Units | 1,968 (10.2%) |
| Median Home Value | $315,307 |
| Average Home Value | $388,851 |
Housing Distribution
Address Breakdown
Residential
17,166
Single Family
11,584
Multi-Family
5,582
Businesses
1,299
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Listed by: Shakir Ahmed • Continental Properties, Inc.
Mls Name: BeachesMLS
Mls ID: #RX-11157457