149 Monterey Pointe DrivePalm Beach GardensFL33418
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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 Palm Beach Gardens at 149 Monterey Pointe Drive, Palm Beach Gardens, FL, 33418 priced at $675,000 pairs $4,566/mo rent with $86/mo cash flow after a $3,304/mo payment. Total monthly income equals $4,566/mo, and annual cash flow comes to $1,036/yr on $222,075 invested. Return on cash invested is 20.53% in year one, and rental yield stands at 8.12% on a $675,000 basis. Equity gained on principal adds $4,356/yr, and 5% annual appreciation accumulates to $186,490 by year five. Five-year ROI measures 106.72% and total cumulative return in cash reaches $237,003. For financing, Ziffy Mortgage’s DSCR program evaluates $4,566/mo property income against a $3,304/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 1994
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33418, West Palm Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,474 (100%) |
| Owner Occupied HU | 16,453 (70.1%) |
| Renter Occupied HU | 4,410 (18.8%) |
| Vacant Housing Units | 2,611 (11.1%) |
| Median Home Value | $742,009 |
| Average Home Value | $890,923 |
Housing Distribution
Address Breakdown
Residential
22,155
Single Family
16,257
Multi-Family
5,898
Businesses
508
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Listed by: Cynthia Frasher • Platinum Properties/The Keyes
Mls Name: BeachesMLS
Mls ID: #RX-11139767