1200 Marine Way #607North Palm BeachFL33408
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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 North Palm Beach at 1200 Marine Way #607, North Palm Beach, FL, 33408 listed at $280,000 pairs $1,918/mo rent with a $1,370/mo payment to leave $60/mo cash flow. Total monthly income runs $1,918/mo, and annual cash flow reaches $724/yr on $92,820 cash to close. Return on cash invested measures 20.69% in year one, and rental yield registers 8.22% at a $280,000 basis. Equity gained on principal adds $1,807/yr, and annual property appreciation at 5% supports $77,359 by year five. Five-year ROI tracks 107.65% and total cumulative return in cash totals $99,921. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,918/mo property income relative to a $1,370/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1971
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33408, North Palm Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,691 (100%) |
| Owner Occupied HU | 7,367 (58.0%) |
| Renter Occupied HU | 2,617 (20.6%) |
| Vacant Housing Units | 2,707 (21.3%) |
| Median Home Value | $702,045 |
| Average Home Value | $877,462 |
Housing Distribution
Address Breakdown
Residential
11,371
Single Family
5,958
Multi-Family
5,413
Businesses
1,371
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Listed by: Sarah Leahy PA • Keller Williams Realty Jupiter
Mls Name: BeachesMLS
Mls ID: #RX-11110230