1502 S Lakeside Dr APT 112Lake WorthFL33460
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow1502 S Lakeside Dr APT 112, Lake Worth, FL, 33460 in Lake Worth carries a 1.95 coverage ratio, rent of $2,258/mo is 1.95 times the $1,158/mo payment. Rental yield 10.52%. That margin gives both the investor and Ziffy Mortgage's DSCR underwriting a comfortable buffer at a $257,500 acquisition price. No U.S. credit or income documentation required. Five-year appreciation adds $71,143; total projected cumulative return: $81,952.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.5% | 6.0% |
| Monthly Cash Flow | $(309) | $300 |
City averages based on Lake Worth market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,258 |
| Total Monthly Debt Service | $2,465 |
| DSCR Ratio | 0.92x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1973
N/A lot
$N/A/sqft
$859 monthly HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 1973
N/A lot
$N/A/sqft
$859 monthly HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices