1551 N Flagler 614 Drive #614West Palm BeachFL33401
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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 West Palm Beach at 1551 N Flagler 614 Drive #614, West Palm Beach, FL, 33401 earns from $4,512/mo rent with a $3,764/mo payment. Total monthly income totals $4,512/mo. ROI tracks 10.37% on current figures, and rental yield reads 7.04% at a $769,000 purchase. Equity gained on principal adds $4,962/yr, and 5% annual appreciation supports $212,461 over five years. Five-year ROI reaches 54.76% and total cumulative return in cash sums $138,547. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,512/mo property income instead of your personal income.
Condo
Built in 2005
182 sqft lot
$N/A/sqft
$1,292 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33401, West Palm Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,533 (100%) |
| Owner Occupied HU | 5,581 (25.9%) |
| Renter Occupied HU | 11,921 (55.4%) |
| Vacant Housing Units | 4,031 (18.7%) |
| Median Home Value | $635,286 |
| Average Home Value | $769,580 |
Housing Distribution
Address Breakdown
Residential
17,747
Single Family
6,570
Multi-Family
11,177
Businesses
2,352
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Listed by: Linda Gallant • Jupiter Lighthouse Realty Inc
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #RX-11060776
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 2025 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.