115 Lakeshore Dr APT 448North 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 115 Lakeshore Dr APT 448, North Palm Beach, FL, 33408 uses $294,455 cash to close to unlock $26,269/yr annual cash flow and $2,189/mo monthly cash flow. Total monthly income runs $8,413/mo, and a $4,381/mo payment keeps the spread at $2,189/mo. Purchase price stands at $895,000, and rental yield measures 11.28% with $8,413/mo rent. Return on cash invested shows 28.98% in year one, and 5% annual appreciation builds toward $247,272 over five years. Five-year ROI reaches 152.48% and total cumulative return in cash records $448,982. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $8,413/mo property income covering a $4,381/mo payment rather than investor’s personal income.
Condo
Built in 1979
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: Pam Slotkin • Brown Harris Stevens of Palm Beach 5225
Mls Name: Palm Beach BOR
Mls ID: #25-94
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.