140 Lake Meryl Drive #140West Palm BeachFL33411
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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 West Palm Beach at 140 Lake Meryl Drive #140, West Palm Beach, FL, 33411 earns $172/mo cash flow from $1,334/mo rent with a $857/mo payment. Total monthly income totals $1,334/mo, and annual cash flow totals $2,067/yr on $58,013 capital. ROI tracks 23.47% on current figures, and rental yield reads 9.15% at a $175,000 purchase. Equity gained on principal adds $1,129/yr, and 5% annual appreciation supports $48,349 over five years. Five-year ROI reaches 122.61% and total cumulative return in cash sums $71,131. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,334/mo property income instead of your personal income.
Condo
Built in 1981
28.12 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33411, West Palm Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 30,101 (100%) |
| Owner Occupied HU | 21,317 (70.8%) |
| Renter Occupied HU | 7,003 (23.3%) |
| Vacant Housing Units | 1,781 ( 5.9%) |
| Median Home Value | $481,969 |
| Average Home Value | $527,515 |
Housing Distribution
Address Breakdown
Residential
29,377
Single Family
22,830
Multi-Family
6,547
Businesses
1,580
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Listed by: Nadine Marie Battle • LoKation
Mls Name: BeachesMLS
Mls ID: #RX-11146513