1066 Salmon IsleGreenacresFL33413
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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 Greenacres at 1066 Salmon Isle, Greenacres, FL, 33413 priced at $500,000 pairs $3,534/mo rent with $128/mo cash flow after a $2,447/mo payment. Total monthly income equals $3,534/mo, and annual cash flow comes to $1,534/yr on $165,750 invested. Return on cash invested is 20.83% in year one, and rental yield stands at 8.48% on a $500,000 basis. Equity gained on principal adds $3,226/yr, and 5% annual appreciation accumulates to $138,141 by year five. Five-year ROI measures 108.62% and total cumulative return in cash reaches $180,032. For financing, Ziffy Mortgage’s DSCR program evaluates $3,534/mo property income against a $2,447/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1995
5,531 sqft lot
$N/A/sqft
$265 quarterly HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 33413, West Palm Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,884 (100%) |
| Owner Occupied HU | 4,005 (58.2%) |
| Renter Occupied HU | 2,561 (37.2%) |
| Vacant Housing Units | 318 ( 4.6%) |
| Median Home Value | $464,235 |
| Average Home Value | $583,542 |
Housing Distribution
Address Breakdown
Residential
6,101
Single Family
4,884
Multi-Family
1,217
Businesses
276
Price History
Date | Event | Price |
|---|---|---|
| 2025-04-21 | Listed for sale | $500,000 |
| 2025-04-01 | Sold | $400,700 |
| 2008-01-02 | Sold | $225,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-22 | $2550.00 | 5.72% | $149,290 | 3.00% |
| 2023-04-22 | $2412.00 | 2.20% | $144,942 | 3.00% |
| 2022-04-22 | $2360.00 | 1.24% | $140,720 | 3.00% |
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 1995
- Architectural Style: N/A
- Building Area: N/A
- Living Area: 1,693 sqft
- Property Condition: N/A
Features & Amenities
- Heating: Central
- Cooling: Ceiling Fan(s), Central Air
- Flooring: Carpet, Tile, Wood
- Interior Features: Built-in Features, Closet Cabinetry, Kitchen Island, Pantry
- Exterior Features: N/A
- Parking Features: Covered
Location
- City: Greenacres
- State: FL
- Subdivision: Olive Tree Prcl 06a
- Lot Size: 5,531 sqft
- Lot Features: Less Than 1/4 Acre Lot
- View: Canal, Garden
HOA & Fees
- HOA Fee: $265 quarterly
- Association Fee: $265 quarterly
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: N/A
- Sewer: Public Sewer
- Water Source: Municipal Water
- Road Surface Type: N/A
School Information
- Elementary School: N/A
- Middle School: N/A
- High School: N/A
Listed by: Melissa Miller • EXP Realty LLC
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #F10499355
Disclaimer: All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2025 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.