118 Yacht Club Dr APT 2North Palm BeachFL33408
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 North Palm Beach at 118 Yacht Club Dr APT 2, North Palm Beach, FL, 33408 generates $3,079/mo in rent and, after a $1,411/mo payment, leaves $1,078/mo in cash flow. Total monthly income is $3,079/mo, and annual cash flow is $12,933/yr on $95,571 invested. Return on cash invested sits at 33.44% in year one, and rental yield is 12.82% on a $288,300 entry. Equity gained on principal adds $1,860/yr, while 5% annual appreciation builds toward $79,652 over five years. Five-year ROI reaches 176.4% and total cumulative return in cash sums $168,587. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,079/mo property income rather than buyer’s personal income.
Condo
Built in 1971
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: Illustrated Properties
Mls ID: #R11090568