119 Salisbury EWest Palm BeachFL33417
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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
Investment property for sale in West Palm Beach at 119 Salisbury E, West Palm Beach, FL, 33417 uses $33,150 cash to close to unlock $723/yr annual cash flow and $60/mo monthly cash flow. Total monthly income runs $757/mo, and a $489/mo payment keeps the spread at $60/mo. Purchase price stands at $100,000, and rental yield measures 9.08% with $757/mo rent. Return on cash invested shows 22.09% in year one, and 5% annual appreciation builds toward $27,628 over five years. Five-year ROI reaches 115.67% and total cumulative return in cash records $38,344. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $757/mo property income covering a $489/mo payment rather than investor’s personal income.
Condo
Built in 1969
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33417, West Palm Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,018 (100%) |
| Owner Occupied HU | 9,428 (49.6%) |
| Renter Occupied HU | 6,660 (35.0%) |
| Vacant Housing Units | 2,930 (15.4%) |
| Median Home Value | $154,618 |
| Average Home Value | $254,551 |
Housing Distribution
Address Breakdown
Residential
17,514
Single Family
8,570
Multi-Family
8,944
Businesses
316
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Listed by: Giorgio Picinelli • SOBE International Realty
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11816208
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.