108 Lakeshore Drive #1239North Palm BeachFL33408
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 North Palm Beach at 108 Lakeshore Drive #1239, North Palm Beach, FL, 33408 listed at $775,000 pairs $6,965/mo rent with a $3,793/mo payment to leave $1,822/mo cash flow. Total monthly income runs $6,965/mo, and annual cash flow reaches $21,867/yr on $254,975 cash to close. Return on cash invested measures 28.64% in year one, and rental yield registers 10.78% at a $775,000 basis. Equity gained on principal adds $5,001/yr, and annual property appreciation at 5% supports $214,118 by year five. Five-year ROI tracks 150.21% and total cumulative return in cash totals $382,987. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $6,965/mo property income relative to a $3,793/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1975
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33408, North Palm Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,691 (100%) |
| Owner Occupied HU | 7,367 (58.0%) |
| Renter Occupied HU | 2,617 (20.6%) |
| Vacant Housing Units | 2,707 (21.3%) |
| Median Home Value | $702,045 |
| Average Home Value | $877,462 |
Housing Distribution
Address Breakdown
Residential
11,371
Single Family
5,958
Multi-Family
5,413
Businesses
1,371
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Diana Casper • Illustrated Properties, LLC
Mls Name: BeachesMLS
Mls ID: #RX-11139676