119 Hammocks DriveGreenacresFL33413
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 Greenacres at 119 Hammocks Drive, Greenacres, FL, 33413 offers $4,045/mo rent that, after a $2,472/mo payment, leaves $693/mo cash flow. Total monthly income is $4,045/mo, and annual cash flow is $8,322/yr on $166,145 cash. Return on cash invested measures 25.07% in year one, and rental yield stands at 9.61% at a $505,000 entry. Equity gained on principal adds $3,259/yr while 5% annual appreciation compounds into $139,522 by year five. Five-year ROI records 131.09% and total cumulative return in cash reaches $217,794. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,045/mo property income versus a $2,472/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1990
7,776 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Meshal Mories • Keller Williams Realty Jupiter
Mls Name: BeachesMLS
Mls ID: #RX-11115409