141 Lake Frances DriveWest 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 141 Lake Frances Drive, West Palm Beach, FL, 33411 earns $481/mo cash flow from $2,195/mo rent with a $905/mo payment. Total monthly income totals $2,195/mo, and annual cash flow totals $5,775/yr on $61,328 capital. ROI tracks 29.33% on current figures, and rental yield reads 14.24% at a $185,000 purchase. Equity gained on principal adds $1,194/yr, and 5% annual appreciation supports $51,112 over five years. Five-year ROI reaches 157.44% and total cumulative return in cash sums $96,555. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,195/mo property income instead of your personal income.
Condo
Built in 1978
114.90 Acres lot
$N/A/sqft
$477 monthly 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: Rachel Shapiro • William Raveis Palm Beach LLC
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #RX-11005004
Disclaimer: All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2024 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.