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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in West Palm Beach at 1440 Lake Crystal Drive #H, West Palm Beach, FL, 33411 offers a 11.75% rental yield on a $229,900 purchase with $2,252/mo rent. Total monthly income registers $2,252/mo, and a $1,125/mo payment leaves $198/mo available for distribution. Annual cash flow reaches $2,377/yr on $76,212 to close, and return on cash invested stands at 23.03% in year one. Equity gained on principal adds $1,484/yr while 5% annual appreciation supports $63,517 over five years. Portfolio math shows five-year ROI at 123.22% and total cumulative return in cash at $93,911. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,252/mo property income against a $1,125/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1986
N/A lot
$N/A/sqft
$485 monthly HOA
Neighborhood data shown for ZIP Code: 33411, West Palm Beach, FL area.
| 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 |
Residential
29,377
Single Family
22,830
Multi-Family
6,547
Businesses
1,580
Date | Event | Price |
|---|---|---|
| 2024-08-22 | Listed for sale | $229,900 |
| 2024-08-16 | Listing removed | N/A |
| 2024-07-05 | Listed for rent | $1,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-12-26 | $2567.00 | 8.31% | $125,840 | 10.00% |
| 2022-12-26 | $2370.00 | 13.78% | $114,400 | 10.00% |
| 2021-12-26 | $2083.00 | 3.69% | $104,000 | 5.05% |
Listed by: Ronen Tish • Blue Luxe Realty Inc
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #RX-11014694
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.
