1117 Marine Way E #K2rNorth 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 1117 Marine Way E #K2r, North Palm Beach, FL, 33408 earns $1,425/mo cash flow from $7,723/mo rent with a $4,645/mo payment. Total monthly income totals $7,723/mo, and annual cash flow totals $17,102/yr on $312,221 capital. ROI tracks 25.54% on current figures, and rental yield reads 9.77% at a $949,000 purchase. Equity gained on principal adds $6,124/yr, and 5% annual appreciation supports $262,191 over five years. Five-year ROI reaches 133.59% and total cumulative return in cash sums $417,096. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $7,723/mo property income instead of your personal income.
Condo
Built in 1980
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: Christina L Pitz • IRE Investment
Mls Name: BeachesMLS
Mls ID: #RX-11152191