134 Lakeshore Drive #416North 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 134 Lakeshore Drive #416, North Palm Beach, FL, 33408 uses $246,421 cash to close to unlock $13,818/yr annual cash flow and $1,151/mo monthly cash flow. Total monthly income runs $6,122/mo, and a $3,666/mo payment keeps the spread at $1,151/mo. Purchase price stands at $749,000, and rental yield measures 9.81% with $6,122/mo rent. Return on cash invested shows 25.67% in year one, and 5% annual appreciation builds toward $206,935 over five years. Five-year ROI reaches 134.28% and total cumulative return in cash records $330,904. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $6,122/mo property income covering a $3,666/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: Art Micchelli • Illustrated Properties, LLC
Mls Name: BeachesMLS
Mls ID: #RX-11110323