119 Hammocks CourtGreenacresFL33413
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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 Greenacres at 119 Hammocks Court, Greenacres, FL, 33413 priced at $423,500 converts $2,861/mo rent into $50/mo cash flow after a $2,073/mo obligation. Total monthly income equals $2,861/mo, and annual cash flow totals $605/yr on $140,390 invested. Return on cash invested prints 20.34% in year one, and rental yield reads 8.11% against a $423,500 entry. Equity gained on principal adds $2,733/yr, while 5% annual appreciation compiles into $117,005 by year five. Five-year ROI reaches 105.75% and total cumulative return in cash sums $148,466. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,861/mo property income covering a $2,073/mo payment, not borrower’s personal income.
Single Family
Built in 1991
5,093 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33413, West Palm Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,884 (100%) |
| Owner Occupied HU | 4,005 (58.2%) |
| Renter Occupied HU | 2,561 (37.2%) |
| Vacant Housing Units | 318 ( 4.6%) |
| Median Home Value | $464,235 |
| Average Home Value | $583,542 |
Housing Distribution
Address Breakdown
Residential
6,101
Single Family
4,884
Multi-Family
1,217
Businesses
276
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Listed by: Bettina L. Godziszewski • Paradise Real Estate Intl
Mls Name: BeachesMLS
Mls ID: #RX-11144152