130 Lakeshore Drive #1023North Palm BeachFL33408
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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 North Palm Beach at 130 Lakeshore Drive #1023, North Palm Beach, FL, 33408 uses $205,132 cash to close to unlock $6,013/yr annual cash flow and $501/mo monthly cash flow. Total monthly income runs $4,639/mo, and a $3,052/mo payment keeps the spread at $501/mo. Purchase price stands at $623,500, and rental yield measures 8.93% with $4,639/mo rent. Return on cash invested shows 22.99% in year one, and 5% annual appreciation builds toward $172,262 over five years. Five-year ROI reaches 119.94% and total cumulative return in cash records $246,034. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,639/mo property income covering a $3,052/mo payment rather than investor’s personal income.
Condo
Built in 1972
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
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Listed by: Mark Paladino • Illustrated Properties, LLC
Mls Name: BeachesMLS
Mls ID: #RX-11140540