1516 S Lakeside Dr APT 112Lake WorthFL33460
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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 Lake Worth at 1516 S Lakeside Dr APT 112, Lake Worth, FL, 33460 generates $1,125/mo in rent, after a $734/mo payment. Total monthly income is $1,125/mo. Return on cash invested sits at 1.51% in year one, and rental yield is 9% on a $150,000 entry. Equity gained on principal adds $968/yr, while 5% annual appreciation builds toward $41,442 over five years. Five-year ROI reaches 12.59% and total cumulative return in cash sums $6,258. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,125/mo property income rather than buyer’s personal income.
Condo
Built in 1973
N/A lot
$N/A/sqft
$892 monthly HOA
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Listed by: Jeanette Pressman • Dezer Platinum Realty LLC
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11653672
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