114 Somerset FWest Palm BeachFL33417
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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 West Palm Beach at 114 Somerset F, West Palm Beach, FL, 33417 uses $85,859 cash to close to unlock $3,539/yr annual cash flow and $295/mo monthly cash flow. Total monthly income runs $2,014/mo, and a $1,268/mo payment keeps the spread at $295/mo. Purchase price stands at $259,000, and rental yield measures 9.33% with $2,014/mo rent. Return on cash invested shows 24.03% in year one, and 5% annual appreciation builds toward $71,557 over five years. Five-year ROI reaches 125.51% and total cumulative return in cash records $107,764. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,014/mo property income covering a $1,268/mo payment rather than investor’s personal income.
Condo
Built in 1972
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33417, West Palm Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,018 (100%) |
| Owner Occupied HU | 9,428 (49.6%) |
| Renter Occupied HU | 6,660 (35.0%) |
| Vacant Housing Units | 2,930 (15.4%) |
| Median Home Value | $154,618 |
| Average Home Value | $254,551 |
Housing Distribution
Address Breakdown
Residential
17,514
Single Family
8,570
Multi-Family
8,944
Businesses
316
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Listed by: Janna Zaidspiner • LAER Realty Partners Bowen/Wellington
Mls Name: BeachesMLS
Mls ID: #RX-11129098