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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in West Palm Beach at 131 Somerset G, West Palm Beach, FL, 33417 priced at $209,000 converts $1,979/mo rent into $592/mo cash flow after a $1,023/mo obligation. Total monthly income equals $1,979/mo, and annual cash flow totals $7,104/yr on $69,284 invested. Return on cash invested prints 30.16% in year one, and rental yield reads 11.36% against a $209,000 entry. Equity gained on principal adds $1,349/yr, while 5% annual appreciation compiles into $57,743 by year five. Five-year ROI reaches 158.39% and total cumulative return in cash sums $109,742. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,979/mo property income covering a $1,023/mo payment, not borrower’s personal income.
Condo
Built in 1972
N/A lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 33417, West Palm Beach, FL area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,018 (100%) |
| Owner Occupied HU | 9,428 (49.6%) |
| Renter Occupied HU | 6,660 (35.0%) |
| Vacant Housing Units | 2,930 (15.4%) |
| Median Home Value | $154,618 |
| Average Home Value | $254,551 |
Residential
17,514
Single Family
8,570
Multi-Family
8,944
Businesses
316
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Enrique Perez • EXP Realty LLC
Mls Name: BeachesMLS
Mls ID: #RX-11136920
