108 Lakeshore Drive #640North Palm BeachFL33408
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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 North Palm Beach at 108 Lakeshore Drive #640, North Palm Beach, FL, 33408 offers a 8.71% rental yield on a $759,000 purchase with $5,506/mo rent. Total monthly income registers $5,506/mo, and a $3,715/mo payment leaves $469/mo available for distribution. Annual cash flow reaches $5,629/yr on $249,711 to close, and return on cash invested stands at 22.31% in year one. Equity gained on principal adds $4,898/yr while 5% annual appreciation supports $209,698 over five years. Portfolio math shows five-year ROI at 116.31% and total cumulative return in cash at $290,447. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,506/mo property income against a $3,715/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
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
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Listed by: Art Micchelli • Illustrated Properties, LLC
Mls Name: BeachesMLS
Mls ID: #RX-11157694