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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Royal Palm Beach at 120 Sparrow Drive #315, Royal Palm Beach, FL, 33411 listed at $199,000 pairs $1,585/mo rent with a $974/mo payment to leave $264/mo cash flow. Total monthly income runs $1,585/mo, and annual cash flow reaches $3,173/yr on $65,969 cash to close. Return on cash invested measures 24.72% in year one, and rental yield registers 9.56% at a $199,000 basis. Equity gained on principal adds $1,284/yr, and annual property appreciation at 5% supports $54,980 by year five. Five-year ROI tracks 129.25% and total cumulative return in cash totals $85,266. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,585/mo property income relative to a $974/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1975
N/A lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 33411, West Palm Beach, FL area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 30,101 (100%) |
| Owner Occupied HU | 21,317 (70.8%) |
| Renter Occupied HU | 7,003 (23.3%) |
| Vacant Housing Units | 1,781 ( 5.9%) |
| Median Home Value | $481,969 |
| Average Home Value | $527,515 |
Residential
29,377
Single Family
22,830
Multi-Family
6,547
Businesses
1,580
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Maria Angelica Dominguez • Keller Williams Realty - Welli
Mls Name: BeachesMLS
Mls ID: #RX-11111559
