104 Greenwood PlaceRoyal Palm BeachFL33411
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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 Royal Palm Beach at 104 Greenwood Place, Royal Palm Beach, FL, 33411 priced at $564,000 converts $4,339/mo rent into $597/mo cash flow after a $2,761/mo obligation. Total monthly income equals $4,339/mo, and annual cash flow totals $7,160/yr on $185,556 invested. Return on cash invested prints 23.92% in year one, and rental yield reads 9.23% against a $564,000 entry. Equity gained on principal adds $3,639/yr, while 5% annual appreciation compiles into $155,823 by year five. Five-year ROI reaches 124.91% and total cumulative return in cash sums $231,769. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,339/mo property income covering a $2,761/mo payment, not borrower’s personal income.
Single Family
Built in 1995
0.51 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33411, West Palm Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 30,101 (100%) |
| Owner Occupied HU | 21,317 (70.8%) |
| Renter Occupied HU | 7,003 (23.3%) |
| Vacant Housing Units | 1,781 ( 5.9%) |
| Median Home Value | $481,969 |
| Average Home Value | $527,515 |
Housing Distribution
Address Breakdown
Residential
29,377
Single Family
22,830
Multi-Family
6,547
Businesses
1,580
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Listed by: Renee Hasak • Engel & Volkers Wellington
Mls Name: BeachesMLS
Mls ID: #RX-11152597