1500 N Congress Avenue #C-30West 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
Rental property for sale in West Palm Beach at 1500 N Congress Avenue #C-30, West Palm Beach, FL, 33401 generates $1,496/mo in rent and, after a $930/mo payment, leaves $235/mo in cash flow. Total monthly income is $1,496/mo, and annual cash flow is $2,821/yr on $62,985 invested. Return on cash invested sits at 24.39% in year one, and rental yield is 9.45% on a $190,000 entry. Equity gained on principal adds $1,226/yr, while 5% annual appreciation builds toward $52,494 over five years. Five-year ROI reaches 127.54% and total cumulative return in cash sums $80,328. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,496/mo property income rather than buyer’s personal income.
Condo
Built in 1980
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: Rebecca Jean • Dalton Wade Inc
Mls Name: BeachesMLS
Mls ID: #RX-11110571