115 N 11th StLantanaFL33462
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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 Lantana at 115 N 11th St, Lantana, FL, 33462 offers a 10% rental yield on a $424,990 purchase with $3,540/mo rent. Total monthly income registers $3,540/mo, and a $2,080/mo payment leaves $720/mo available for distribution. Annual cash flow reaches $8,638/yr on $140,884 to close, and return on cash invested stands at 26.04% in year one. Equity gained on principal adds $2,742/yr while 5% annual appreciation supports $117,417 over five years. Portfolio math shows five-year ROI at 136.3% and total cumulative return in cash at $192,026. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,540/mo property income against a $2,080/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1957
10,145 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33462, Lake Worth, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,778 (100%) |
| Owner Occupied HU | 8,313 (49.5%) |
| Renter Occupied HU | 5,805 (34.6%) |
| Vacant Housing Units | 2,660 (15.9%) |
| Median Home Value | $443,156 |
| Average Home Value | $566,185 |
Housing Distribution
Address Breakdown
Residential
14,984
Single Family
9,612
Multi-Family
5,372
Businesses
806
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