131 Doolen Court #208North 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 131 Doolen Court #208, North Palm Beach, FL, 33408 uses $49,725 cash to close to unlock $2,037/yr annual cash flow and $170/mo monthly cash flow. Total monthly income runs $1,165/mo, and a $734/mo payment keeps the spread at $170/mo. Purchase price stands at $149,999, and rental yield measures 9.32% with $1,165/mo rent. Return on cash invested shows 24.01% in year one, and 5% annual appreciation builds toward $41,442 over five years. Five-year ROI reaches 125.43% and total cumulative return in cash records $62,370. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,165/mo property income covering a $734/mo payment rather than investor’s personal income.
Condo
Built in 1966
1.62 Acres 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: Mary K Schiltz • Reliant Realty ERA Powered
Mls Name: BeachesMLS
Mls ID: #RX-11109981