16 Glencairn RoadPalm Beach GardensFL33418
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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 Palm Beach Gardens at 16 Glencairn Road, Palm Beach Gardens, FL, 33418 priced at $1,675,000 pairs $5,151/mo rent with after a $8,198/mo payment. Total monthly income equals $5,151/mo. Return on cash invested is 7.18% in year one, and rental yield stands at 3.69% on a $1,675,000 basis. Equity gained on principal adds $10,809/yr, and 5% annual appreciation accumulates to $462,772 by year five. Five-year ROI measures 35.09% and total cumulative return in cash reaches $190,446. For financing, Ziffy Mortgage’s DSCR program evaluates $5,151/mo property income against a $8,198/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1996
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33418, West Palm Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,474 (100%) |
| Owner Occupied HU | 16,453 (70.1%) |
| Renter Occupied HU | 4,410 (18.8%) |
| Vacant Housing Units | 2,611 (11.1%) |
| Median Home Value | $742,009 |
| Average Home Value | $890,923 |
Housing Distribution
Address Breakdown
Residential
22,155
Single Family
16,257
Multi-Family
5,898
Businesses
508
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Listed by: David Cooke • Douglas Elliman
Mls Name: BeachesMLS
Mls ID: #RX-11121163