1621 16th LanePalm 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
Investment property for sale in Palm Beach Gardens at 1621 16th Lane, Palm Beach Gardens, FL, 33418 uses $125,639 cash to close to unlock $5,267/yr annual cash flow and $439/mo monthly cash flow. Total monthly income runs $2,954/mo, and a $1,855/mo payment keeps the spread at $439/mo. Purchase price stands at $379,000, and rental yield measures 9.35% with $2,954/mo rent. Return on cash invested shows 24.1% in year one, and 5% annual appreciation builds toward $104,711 over five years. Five-year ROI reaches 125.89% and total cumulative return in cash records $158,171. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,954/mo property income covering a $1,855/mo payment rather than investor’s personal income.
Townhouse
Built in 1978
1,464 sqft 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: Chen Zhang • The Keyes Company - Stuart
Mls Name: BeachesMLS
Mls ID: #RX-11087126