1516 S Lakeside Drive #318Lake Worth BeachFL33460
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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 Beach at 1516 S Lakeside Drive #318, Lake Worth Beach, FL, 33460 generates $1,024/mo in rent and, after a $631/mo payment, leaves $168/mo in cash flow. Total monthly income is $1,024/mo, and annual cash flow is $2,020/yr on $42,764 invested. Return on cash invested sits at 24.63% in year one, and rental yield is 9.53% on a $129,000 entry. Equity gained on principal adds $832/yr, while 5% annual appreciation builds toward $35,640 over five years. Five-year ROI reaches 128.83% and total cumulative return in cash sums $55,093. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,024/mo property income rather than buyer’s personal income.
Condo
Built in 1973
N/A lot
$N/A/sqft
No HOA
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Listed by: Angela Fernanda Ortiz • The Keyes Company
Mls Name: BeachesMLS
Mls ID: #RX-11159702