1216 N 16th Avenue N #10Lake WorthFL33460
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
Investment Highlights
Rental property for sale in Lake Worth at 1216 N 16th Avenue N #10, Lake Worth, FL, 33460 generates $3,253/mo in rent, after a $6,852/mo payment. Total monthly income is $3,253/mo. Return on cash invested sits at 4.4% in year one, and rental yield is 2.79% on a $1,400,000 entry. Equity gained on principal adds $9,034/yr, while 5% annual appreciation builds toward $386,794 over five years. Five-year ROI reaches 20.17% and total cumulative return in cash sums $91,483. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,253/mo property income rather than buyer’s personal income.
Multi Family
Built in 1971
8,769 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Frank M Alvarez • Century 21 WC Realty
Mls Name: BeachesMLS
Mls ID: #RX-11134369