1551 N Flagler Drive #1102West 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
Rental property for sale in West Palm Beach at 1551 N Flagler Drive #1102, West Palm Beach, FL, 33401 generates $3,214/mo in rent, after a $3,715/mo payment. Total monthly income is $3,214/mo. Return on cash invested sits at 11.3% in year one, and rental yield is 5.08% on a $759,000 entry. Equity gained on principal adds $4,898/yr, while 5% annual appreciation builds toward $209,698 over five years. Five-year ROI reaches 57.24% and total cumulative return in cash sums $142,943. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,214/mo property income rather than buyer’s personal income.
Condo
Built in 2005
365 sqft lot
$N/A/sqft
No 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: Mandy Sze Wan Chan • Premier Brokers International
Mls Name: BeachesMLS
Mls ID: #RX-11114779