162 Lake Susan LaneWest Palm BeachFL33411
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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 162 Lake Susan Lane, West Palm Beach, FL, 33411 priced at $175,000 pairs $1,350/mo rent with $188/mo cash flow after a $857/mo payment. Total monthly income equals $1,350/mo, and annual cash flow comes to $2,259/yr on $58,013 invested. Return on cash invested is 23.8% in year one, and rental yield stands at 9.26% on a $175,000 basis. Equity gained on principal adds $1,129/yr, and 5% annual appreciation accumulates to $48,349 by year five. Five-year ROI measures 124.37% and total cumulative return in cash reaches $72,151. For financing, Ziffy Mortgage’s DSCR program evaluates $1,350/mo property income against a $857/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1985
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33411, West Palm Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 30,101 (100%) |
| Owner Occupied HU | 21,317 (70.8%) |
| Renter Occupied HU | 7,003 (23.3%) |
| Vacant Housing Units | 1,781 ( 5.9%) |
| Median Home Value | $481,969 |
| Average Home Value | $527,515 |
Housing Distribution
Address Breakdown
Residential
29,377
Single Family
22,830
Multi-Family
6,547
Businesses
1,580
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Listed by: Lisa Cohen Cole • Illustrated Properties LLC (Co
Mls Name: BeachesMLS
Mls ID: #RX-11128510