109 W Palmetto RoadLake WorthFL33467
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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 Lake Worth at 109 W Palmetto Road, Lake Worth, FL, 33467 priced at $530,000 converts $3,764/mo rent into $247/mo cash flow after a $2,594/mo obligation. Total monthly income equals $3,764/mo, and annual cash flow totals $2,963/yr on $174,370 invested. Return on cash invested prints 21.76% in year one, and rental yield reads 8.52% against a $530,000 entry. Equity gained on principal adds $3,420/yr, while 5% annual appreciation compiles into $146,429 by year five. Five-year ROI reaches 113.31% and total cumulative return in cash sums $197,587. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,764/mo property income covering a $2,594/mo payment, not borrower’s personal income.
Single Family
Built in 1972
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33467, Lake Worth, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,072 (100%) |
| Owner Occupied HU | 21,130 (78.1%) |
| Renter Occupied HU | 3,524 (13.0%) |
| Vacant Housing Units | 2,418 ( 8.9%) |
| Median Home Value | $513,106 |
| Average Home Value | $550,949 |
Housing Distribution
Address Breakdown
Residential
25,492
Single Family
19,736
Multi-Family
5,756
Businesses
765
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Listed by: Deborah Puleo • Fosters Realty
Mls Name: BeachesMLS
Mls ID: #RX-11146840