1409 Lake Ave APT 5Lake WorthFL33460
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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 Lake Worth at 1409 Lake Ave APT 5, Lake Worth, FL, 33460 uses $89,837 cash to close to unlock $2,879/yr annual cash flow and $240/mo monthly cash flow. Total monthly income runs $2,360/mo, and a $1,326/mo payment keeps the spread at $240/mo. Purchase price stands at $271,000, and rental yield measures 10.45% with $2,360/mo rent. Return on cash invested shows 23.11% in year one, and 5% annual appreciation builds toward $74,872 over five years. Five-year ROI reaches 122.17% and total cumulative return in cash records $109,755. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,360/mo property income covering a $1,326/mo payment rather than investor’s personal income.
Condo
Built in 1980
N/A lot
$N/A/sqft
$300 monthly HOA
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Listed by: Samuel Grynbaum • GGH Realty LLC
Mls Name: MIAMI
Mls Provider:
Mls ID: #A10838422
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