124 Davis RoadPalm SpringsFL33461
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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 Palm Springs at 124 Davis Road, Palm Springs, FL, 33461 with 5% annual appreciation on a $720,000 basis while $4,268/mo rent supports operations. 48% in year one. Equity gained on principal adds $4,646/yr, and five-year appreciation sums $198,923 alongside rental yield of 7.11%. Five-year ROI measures 90.35% and total cumulative return in cash totals $214,015. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,268/mo property income versus a $3,524/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1958
10.35 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33461, Lake Worth, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,231 (100%) |
| Owner Occupied HU | 8,710 (45.3%) |
| Renter Occupied HU | 8,553 (44.5%) |
| Vacant Housing Units | 1,968 (10.2%) |
| Median Home Value | $315,307 |
| Average Home Value | $388,851 |
Housing Distribution
Address Breakdown
Residential
17,166
Single Family
11,584
Multi-Family
5,582
Businesses
1,299
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Listed by: Nancy Andersson • Partnership Realty Inc.
Mls Name: BeachesMLS
Mls ID: #RX-11143019