12693 61st Lane NWest Palm BeachFL33412
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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
Rental property for sale in West Palm Beach at 12693 61st Lane N, West Palm Beach, FL, 33412 generates $3,988/mo in rent, after a $5,384/mo payment. Total monthly income is $3,988/mo. Return on cash invested sits at 9.22% in year one, and rental yield is 4.35% on a $1,100,000 entry. Equity gained on principal adds $7,098/yr, while 5% annual appreciation builds toward $303,910 over five years. Five-year ROI reaches 46.03% and total cumulative return in cash sums $164,047. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,988/mo property income rather than buyer’s personal income.
Single Family
Built in 2000
1.16 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33412, West Palm Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,756 (100%) |
| Owner Occupied HU | 6,514 (84.0%) |
| Renter Occupied HU | 647 ( 8.3%) |
| Vacant Housing Units | 595 ( 7.7%) |
| Median Home Value | $634,108 |
| Average Home Value | $726,792 |
Housing Distribution
Address Breakdown
Residential
7,255
Single Family
7,158
Multi-Family
97
Businesses
89
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Listed by: Jeffrey L Tricoli • KW Reserve Palm Beach
Mls Name: BeachesMLS
Mls ID: #RX-11156926