12692 White Coral DriveWellingtonFL33414
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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 Wellington at 12692 White Coral Drive, Wellington, FL, 33414 uses $173,350 cash to close to unlock $21,021/yr annual cash flow and $1,752/mo monthly cash flow. Total monthly income runs $5,460/mo, and a $2,579/mo payment keeps the spread at $1,752/mo. Purchase price stands at $526,900, and rental yield measures 12.43% with $5,460/mo rent. Return on cash invested shows 32.19% in year one, and 5% annual appreciation builds toward $145,573 over five years. Five-year ROI reaches 169.77% and total cumulative return in cash records $294,293. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,460/mo property income covering a $2,579/mo payment rather than investor’s personal income.
Single Family
Built in 1989
N/A lot
$N/A/sqft
$50 monthly HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 33414, West Palm Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,453 (100%) |
| Owner Occupied HU | 15,335 (65.4%) |
| Renter Occupied HU | 5,950 (25.4%) |
| Vacant Housing Units | 2,168 ( 9.2%) |
| Median Home Value | $625,877 |
| Average Home Value | $714,976 |
Housing Distribution
Address Breakdown
Residential
22,416
Single Family
18,627
Multi-Family
3,789
Businesses
1,165
Price History
Date | Event | Price |
|---|---|---|
| 2024-12-03 | Listed for sale | $526,900 |
| 2024-08-29 | Listing removed | $499,900 |
| 2024-08-20 | Price change | $499,900 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-12-26 | $6628.00 | 15.96% | $258,199 | 10.00% |
| 2022-12-26 | $5716.00 | 18.37% | $234,726 | 10.00% |
| 2021-12-26 | $4829.00 | 9.27% | $213,387 | 10.00% |
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 1989
- Architectural Style: N/A
- Building Area: 2,269
- Living Area: 1,617 sqft
- Property Condition: Resale
Features & Amenities
- Heating: Central
- Cooling: Central Air
- Flooring: Carpet, Ceramic Tile, Laminate
- Interior Features: Ctdrl/Vault Ceilings, Kitchen Island, Pantry, Split Bedroom, Walk-In Closet(s)
- Exterior Features: Auto Sprinkler
- Parking Features: 2+ Spaces, Garage - Attached, Commercial Vehicles Prohibited
Location
- City: Wellington
- State: FL
- Subdivision: Lakepoint
- Lot Size: N/A
- Lot Features: N/A
- View: N/A
HOA & Fees
- HOA Fee: $50 monthly
- Association Fee: $50 monthly
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: Common Areas
Utilities
- Utilities: Cable Connected, Electricity Connected
- Sewer: Public Sewer
- Water Source: Public
- Road Surface Type: N/A
School Information
- Elementary School: N/A
- Middle School: N/A
- High School: N/A
Listed by: Gustavo Moro • Vicki L. Wilson Realty LLC
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #RX-11000487
Disclaimer: All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2024 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.