11646 63rd Lane NWest Palm BeachFL33412
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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
Rental property for sale in West Palm Beach at 11646 63rd Lane N, West Palm Beach, FL, 33412 generates $6,440/mo in rent and, after a $4,381/mo payment, leaves $500/mo in cash flow. Total monthly income is $6,440/mo, and annual cash flow is $6,003/yr on $294,455 invested. Return on cash invested sits at 22.1% in year one, and rental yield is 8.63% on a $895,000 entry. Equity gained on principal adds $5,775/yr, while 5% annual appreciation builds toward $247,272 over five years. Five-year ROI reaches 115.15% and total cumulative return in cash sums $339,062. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $6,440/mo property income rather than buyer’s personal income.
Single Family
Built in 2002
1.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33412, West Palm Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,756 (100%) |
| Owner Occupied HU | 6,514 (84.0%) |
| Renter Occupied HU | 647 ( 8.3%) |
| Vacant Housing Units | 595 ( 7.7%) |
| Median Home Value | $634,108 |
| Average Home Value | $726,792 |
Housing Distribution
Address Breakdown
Residential
7,255
Single Family
7,158
Multi-Family
97
Businesses
89
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Listed by: Ray Carrano • Premier Brokers International
Mls Name: BeachesMLS
Mls ID: #RX-11131323