123 Lakeshore Drive #1544North Palm BeachFL33408
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
Total monthly income runs $3,719/mo, and a $5,139/mo payment. Purchase price stands at $1,050,000, and rental yield measures 4.25% with $3,719/mo rent. Return on cash invested shows 8.91% in year one, and 5% annual appreciation builds toward $290,096 over five years. Five-year ROI reaches 44.37% and total cumulative return in cash records $150,953. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,719/mo property income covering a $5,139/mo payment rather than investor’s personal income.
Condo
Built in 1980
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Andrea Sue Roth • Echo Fine Properties
Mls Name: BeachesMLS
Mls ID: #RX-11124215