120 Hamilton TerRoyal Palm BeachFL33414
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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 Royal Palm Beach at 120 Hamilton Ter, Royal Palm Beach, FL, 33414 priced at $489,900 converts $3,858/mo rent into $607/mo cash flow after a $2,398/mo obligation. Total monthly income equals $3,858/mo, and annual cash flow totals $7,281/yr on $162,402 invested. Return on cash invested prints 24.39% in year one, and rental yield reads 9.45% against a $489,900 entry. Equity gained on principal adds $3,161/yr, while 5% annual appreciation compiles into $135,350 by year five. Five-year ROI reaches 127.46% and total cumulative return in cash sums $207,005. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,858/mo property income covering a $2,398/mo payment, not borrower’s personal income.
Single Family
Built in 2003
6,107 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33414, West Palm Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,453 (100%) |
| Owner Occupied HU | 15,335 (65.4%) |
| Renter Occupied HU | 5,950 (25.4%) |
| Vacant Housing Units | 2,168 ( 9.2%) |
| Median Home Value | $625,877 |
| Average Home Value | $714,976 |
Housing Distribution
Address Breakdown
Residential
22,416
Single Family
18,627
Multi-Family
3,789
Businesses
1,165
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Listed by: Eric Nathanson • Trans Global Realty, Inc.
Mls Name: BeachesMLS
Mls ID: #F10549457