120 Monte Carlo DrivePalm Beach GardensFL33418
INVESTMENT ANALYSIS
Investment Verdict
Income-ProducingInvestment property for sale in Palm Beach Gardens at 120 Monte Carlo Drive, Palm Beach Gardens, FL, 33418 projects strong ROI of 16.26%. Rental yield 6.57%. With 5% annual appreciation, the property builds $870,287 in value over five years. Equity growth combined delivers a projected five-year ROI of 101.16%, translating into $900,170 in total cumulative return on $889,875 invested capital. You can finance this property with Ziffy Mortgage’s DSCR loan, which leverages the property’s income for qualification rather than your personal income.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 6.6% | 6.5% |
| Monthly Cash Flow | $(4,741) | $1,500 |
City averages based on Palm Beach Gardens market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $17,244 |
| Total Monthly Debt Service | $20,732 |
| DSCR Ratio | 0.83x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2004
10,476 sqft lot
$N/A/sqft
$1,081 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33418, West Palm Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,474 (100%) |
| Owner Occupied HU | 16,453 (70.1%) |
| Renter Occupied HU | 4,410 (18.8%) |
| Vacant Housing Units | 2,611 (11.1%) |
| Median Home Value | $742,009 |
| Average Home Value | $890,923 |
Housing Distribution
Address Breakdown
Residential
22,155
Single Family
16,257
Multi-Family
5,898
Businesses
508
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
Single Family
Built in 2004
10,476 sqft lot
$N/A/sqft
$1,081 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33418, West Palm Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,474 (100%) |
| Owner Occupied HU | 16,453 (70.1%) |
| Renter Occupied HU | 4,410 (18.8%) |
| Vacant Housing Units | 2,611 (11.1%) |
| Median Home Value | $742,009 |
| Average Home Value | $890,923 |
Housing Distribution
Address Breakdown
Residential
22,155
Single Family
16,257
Multi-Family
5,898
Businesses
508
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices