1502 S Lakeside Drive #116-N, Lake Worth, FL, 33460 | $564/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Lake Worth at 1502 S Lakeside Drive #116-N, Lake Worth, FL, 33460 uses $65,869 cash to close to unlock $6,767/yr annual cash flow and $564/mo monthly cash flow. Total monthly income runs $1,883/mo, and a $973/mo payment keeps the spread at $564/mo. Purchase price stands at $198,700, and rental yield measures 11.37% with $1,883/mo rent. Return on cash invested shows 30.18% in year one, and 5% annual appreciation builds toward $54,897 over five years. Five-year ROI reaches 158.53% and total cumulative return in cash records $104,420. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,883/mo property income covering a $973/mo payment rather than investor’s personal income.

Condo

Built in 1973

N/A lot

$N/A/sqft

No HOA