1419 40th StWest Palm BeachFL33407
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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 1419 40th St, West Palm Beach, FL, 33407 uses $164,093 cash to close to unlock $4,138/yr annual cash flow and $345/mo monthly cash flow. Total monthly income runs $3,630/mo, and a $2,423/mo payment keeps the spread at $345/mo. Purchase price stands at $495,000, and rental yield measures 8.8% with $3,630/mo rent. Return on cash invested shows 22.43% in year one, and 5% annual appreciation builds toward $136,759 over five years. Five-year ROI reaches 116.95% and total cumulative return in cash records $191,914. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,630/mo property income covering a $2,423/mo payment rather than investor’s personal income.
Single Family
Built in 1978
10,837 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33407, West Palm Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,707 (100%) |
| Owner Occupied HU | 6,077 (38.7%) |
| Renter Occupied HU | 7,818 (49.8%) |
| Vacant Housing Units | 1,812 (11.5%) |
| Median Home Value | $345,745 |
| Average Home Value | $453,369 |
Housing Distribution
Address Breakdown
Residential
13,884
Single Family
9,698
Multi-Family
4,186
Businesses
1,707
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Listed by: Harold Hicks • H. Hicks Real Estate Group, Inc
Mls Name: MIAMI
Mls ID: #A11940183