142 W Palmetto RoadLake WorthFL33467
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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
Rental property for sale in Lake Worth at 142 W Palmetto Road, Lake Worth, FL, 33467 priced at $529,000 pairs $4,009/mo rent with $499/mo cash flow after a $2,589/mo payment. Total monthly income equals $4,009/mo, and annual cash flow comes to $5,984/yr on $174,041 invested. Return on cash invested is 23.5% in year one, and rental yield stands at 9.09% on a $529,000 basis. Equity gained on principal adds $3,414/yr, and 5% annual appreciation accumulates to $146,153 by year five. Five-year ROI measures 122.65% and total cumulative return in cash reaches $213,461. For financing, Ziffy Mortgage’s DSCR program evaluates $4,009/mo property income against a $2,589/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1977
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33467, Lake Worth, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,072 (100%) |
| Owner Occupied HU | 21,130 (78.1%) |
| Renter Occupied HU | 3,524 (13.0%) |
| Vacant Housing Units | 2,418 ( 8.9%) |
| Median Home Value | $513,106 |
| Average Home Value | $550,949 |
Housing Distribution
Address Breakdown
Residential
25,492
Single Family
19,736
Multi-Family
5,756
Businesses
765
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Listed by: Olivia Merritt • Village Realty Group LLC
Mls Name: BeachesMLS
Mls ID: #RX-11133413