104 Palm Beach Trace DriveRoyal 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 Palm Beach Trace Drive, Royal Palm Beach, FL, 33411 priced at $229,900 pairs $1,888/mo rent with $363/mo cash flow after a $1,125/mo payment. Total monthly income equals $1,888/mo, and annual cash flow comes to $4,351/yr on $76,212 invested. Return on cash invested is 25.62% in year one, and rental yield stands at 9.85% on a $229,900 basis. Equity gained on principal adds $1,484/yr, and 5% annual appreciation accumulates to $63,517 by year five. Five-year ROI measures 134.06% and total cumulative return in cash reaches $102,167. For financing, Ziffy Mortgage’s DSCR program evaluates $1,888/mo property income against a $1,125/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1990
N/A 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: Ravi P Mohanka • Sainaam Realty & Investment
Mls Name: BeachesMLS
Mls ID: #RX-11149789