1621 Lakefield North CourtWellingtonFL33414
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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 1621 Lakefield North Court, Wellington, FL, 33414 uses $220,397 cash to close to unlock $50,715/yr annual cash flow and $4,226/mo monthly cash flow. Total monthly income runs $8,822/mo, and a $3,279/mo payment keeps the spread at $4,226/mo. Purchase price stands at $669,900, and rental yield measures 15.8% with $8,822/mo rent. Return on cash invested shows 43.07% in year one, and 5% annual appreciation builds toward $185,081 over five years. Five-year ROI reaches 227.91% and total cumulative return in cash records $502,305. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $8,822/mo property income covering a $3,279/mo payment rather than investor’s personal income.
Single Family
Built in 1996
N/A lot
$N/A/sqft
$150 monthly HOA
More details about the property
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
Price History
Date | Event | Price |
|---|---|---|
| 2024-11-15 | Price change | $669,900 |
| 2024-11-01 | Listed for sale | $674,900 |
| 2010-12-06 | Sold | $265,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-12-26 | $4325.00 | 1.57% | $236,657 | 3.00% |
| 2022-12-26 | $4258.00 | 2.01% | $229,764 | 3.00% |
| 2021-12-26 | $4174.00 | 1.69% | $223,072 | 1.40% |
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 1996
- Architectural Style: N/A
- Building Area: 2,573
- Living Area: 1,944 sqft
- Property Condition: Resale
Features & Amenities
- Heating: Central, Electric
- Cooling: Ceiling Fan(s), Central Air, Electric
- Flooring: Carpet, Laminate, Tile
- Interior Features: Built-in Features, Custom Mirror, Entry Lvl Lvng Area, Split Bedroom, Walk-In Closet(s)
- Exterior Features: Auto Sprinkler, Lake/Canal Sprinkler, Zoned Sprinkler
- Parking Features: 2+ Spaces, Driveway, Garage - Attached, Auto Garage Open, Commercial Vehicles Prohibited
Location
- City: Wellington
- State: FL
- Subdivision: Lakefield Of The Landings
- Lot Size: N/A
- Lot Features: < 1/4 Acre, Sidewalks, West of US-1, Zero Lot Line
- View: Lake
HOA & Fees
- HOA Fee: $150 monthly
- Association Fee: $150 monthly
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: Cable TV, Common R.E. Tax, Insurance-Other, Legal/Accounting, Management Fees, Manager, Reserve Funds
Utilities
- Utilities: Cable Connected, Electricity Connected
- Sewer: Public Sewer
- Water Source: Public
- Road Surface Type: Paved
School Information
- Elementary School: Binks Forest Elementary School
- Middle School: Wellington Landings Middle
- High School: Wellington High School
Listed by: Kristina Bayer • LAER Realty Partners Bowen/Wellington
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #RX-11033323
Disclaimer: All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2024 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.