124 Lake Evelyn DriveWest Palm BeachFL33411
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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 West Palm Beach at 124 Lake Evelyn Drive, West Palm Beach, FL, 33411 with 5% annual appreciation on a $110,000 basis while $873/mo rent supports operations. Total monthly income totals $873/mo and a $538/mo payment preserves $143/mo for cash returns. Annual cash flow comes to $1,721/yr on $36,465 deployed, and return on cash invested reaches 24.63% in year one. Equity gained on principal adds $710/yr, and five-year appreciation sums $30,391 alongside rental yield of 9.52%. Five-year ROI measures 128.83% and total cumulative return in cash totals $46,980.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $873/mo property income versus a $538/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1977
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33411, West Palm Beach, FL area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
29,377
Single Family
22,830
Multi-Family
6,547
Businesses
1,580
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Listed by: Jill Rahbani • The Keyes Company
Mls Name: BeachesMLS
Mls ID: #RX-11158211