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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Wellington at 1156 Block Island Rd, Wellington, FL, 33414 listed at $589,000 pairs $5,100/mo rent with a $2,883/mo payment to leave $921/mo cash flow. Total monthly income runs $5,100/mo, and annual cash flow reaches $11,054/yr on $193,781 cash to close. Return on cash invested measures 25.76% in year one, and rental yield registers 10.39% at a $589,000 basis. Equity gained on principal adds $3,801/yr, and annual property appreciation at 5% supports $162,730 by year five. Five-year ROI tracks 135.42% and total cumulative return in cash totals $262,418. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $5,100/mo property income relative to a $2,883/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1976
9,834 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 33414, West Palm Beach, FL area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,453 (100%) |
| Owner Occupied HU | 15,335 (65.4%) |
| Renter Occupied HU | 5,950 (25.4%) |
| Vacant Housing Units | 2,168 ( 9.2%) |
| Median Home Value | $625,877 |
| Average Home Value | $714,976 |
Residential
22,416
Single Family
18,627
Multi-Family
3,789
Businesses
1,165
Date | Event | Price |
|---|---|---|
| 2025-01-22 | Listed for sale | $589,000 |
| 2023-01-25 | Listing removed | N/A |
| 2022-12-28 | Listed for rent | $3,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-02-14 | $8483.00 | 14.79% | $410,307 | 17.26% |
| 2022-02-14 | $7390.00 | 145.19% | $349,924 | 113.21% |
| 2021-02-14 | $3014.00 | 2.12% | $164,124 | 1.40% |
Listed by: Morgan Dawkins • Charles Rutenberg Realty Fort
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11729050
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.
