120 Heritage WayWest Palm BeachFL33407
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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 West Palm Beach at 120 Heritage Way, West Palm Beach, FL, 33407 priced at $295,000 pairs $2,016/mo rent with $58/mo cash flow after a $1,444/mo payment. Total monthly income equals $2,016/mo, and annual cash flow comes to $699/yr on $97,793 invested. Return on cash invested is 20.62% in year one, and rental yield stands at 8.2% on a $295,000 basis. Equity gained on principal adds $1,904/yr, and 5% annual appreciation accumulates to $81,503 by year five. Five-year ROI measures 107.3% and total cumulative return in cash reaches $104,930. For financing, Ziffy Mortgage’s DSCR program evaluates $2,016/mo property income against a $1,444/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 1984
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33407, West Palm Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,707 (100%) |
| Owner Occupied HU | 6,077 (38.7%) |
| Renter Occupied HU | 7,818 (49.8%) |
| Vacant Housing Units | 1,812 (11.5%) |
| Median Home Value | $345,745 |
| Average Home Value | $453,369 |
Housing Distribution
Address Breakdown
Residential
13,884
Single Family
9,698
Multi-Family
4,186
Businesses
1,707
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Listed by: Natasha Olsak • Florida Brokers Real Estate
Mls Name: MIAMI
Mls ID: #A11923510