111 N L Street #8Lake WorthFL33460
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe headline number at 111 N L Street #8, Lake Worth, FL, 33460 in Lake Worth is the 1.75 coverage ratio: rent of $1,258/mo versus a $719/mo debt payment on a $159,900 property. Rental yield 9.44%. That margin is what gives Ziffy Mortgage's DSCR loan the coverage it needs for a clean, fast approval, no W-2s, no U.S. residency. Appreciation at 5%/yr projects $44,177 by year five, with $1,473/yr in equity from paydown. Total projected cumulative return: $73,651.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.4% | 6.0% |
| Monthly Cash Flow | $(136) | $300 |
City averages based on Lake Worth market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,258 |
| Total Monthly Debt Service | $998 |
| DSCR Ratio | 1.26x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1989
N/A lot
$N/A/sqft
No HOA
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
Condo
Built in 1989
N/A lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Peter G Muller • Coastline Realty, Inc.
Mls Name: BeachesMLS
Mls ID: #RX-11163976