1602 Montauk DrWellingtonFL33414
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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 Wellington at 1602 Montauk Dr, Wellington, FL, 33414 listed at $350,000 pairs $2,438/mo rent with a $1,713/mo payment to leave $115/mo cash flow. Total monthly income runs $2,438/mo, and annual cash flow reaches $1,385/yr on $116,025 cash to close. Return on cash invested measures 21.1% in year one, and rental yield registers 8.36% at a $350,000 basis. Equity gained on principal adds $2,258/yr, and annual property appreciation at 5% supports $96,699 by year five. Five-year ROI tracks 109.85% and total cumulative return in cash totals $127,454. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,438/mo property income relative to a $1,713/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1980
4,800 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33414, West Palm Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,453 (100%) |
| Owner Occupied HU | 15,335 (65.4%) |
| Renter Occupied HU | 5,950 (25.4%) |
| Vacant Housing Units | 2,168 ( 9.2%) |
| Median Home Value | $625,877 |
| Average Home Value | $714,976 |
Housing Distribution
Address Breakdown
Residential
22,416
Single Family
18,627
Multi-Family
3,789
Businesses
1,165
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Listed by: Milton Ramirez • EXP Realty LLC
Mls Name: MIAMI
Mls ID: #A11915208