1476 N Mangonia DriveWest Palm BeachFL33401
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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 1476 N Mangonia Drive, West Palm Beach, FL, 33401 uses $180,950 cash to close to unlock $9,181/yr annual cash flow and $765/mo monthly cash flow. Total monthly income runs $4,415/mo, and a $2,692/mo payment keeps the spread at $765/mo. Purchase price stands at $550,000, and rental yield measures 9.63% with $4,415/mo rent. Return on cash invested shows 25.13% in year one, and 5% annual appreciation builds toward $151,955 over five years. Five-year ROI reaches 131.44% and total cumulative return in cash records $237,838. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,415/mo property income covering a $2,692/mo payment rather than investor’s personal income.
Single Family
Built in 1978
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33401, West Palm Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,533 (100%) |
| Owner Occupied HU | 5,581 (25.9%) |
| Renter Occupied HU | 11,921 (55.4%) |
| Vacant Housing Units | 4,031 (18.7%) |
| Median Home Value | $635,286 |
| Average Home Value | $769,580 |
Housing Distribution
Address Breakdown
Residential
17,747
Single Family
6,570
Multi-Family
11,177
Businesses
2,352
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Listed by: Jacques Joseph • Selected Homes Realty LLC
Mls Name: BeachesMLS
Mls ID: #RX-11147796