1505 Crescent Circle #B24Lake ParkFL33403
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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 Lake Park at 1505 Crescent Circle #B24, Lake Park, FL, 33403 uses $52,211 cash to close to unlock $6,734/yr annual cash flow and $561/mo monthly cash flow. Total monthly income runs $2,260/mo, and a $771/mo payment keeps the spread at $561/mo. Purchase price stands at $157,500, and rental yield measures 17.22% with $2,260/mo rent. Return on cash invested shows 32.81% in year one, and 5% annual appreciation builds toward $43,514 over five years. Five-year ROI reaches 178.12% and total cumulative return in cash records $92,997. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,260/mo property income covering a $771/mo payment rather than investor’s personal income.
Condo
Built in 1967
N/A lot
$N/A/sqft
$517 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33403, West Palm Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,026 (100%) |
| Owner Occupied HU | 2,923 (48.5%) |
| Renter Occupied HU | 2,738 (45.4%) |
| Vacant Housing Units | 365 ( 6.1%) |
| Median Home Value | $415,625 |
| Average Home Value | $486,190 |
Housing Distribution
Address Breakdown
Residential
5,408
Single Family
4,511
Multi-Family
897
Businesses
999
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Listed by: Jeffrey Wilcox • The Keyes Company (PBG)
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #RX-11047030
Disclaimer: All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2024 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.