1624 Forest Lakes Cir #CWest Palm BeachFL33406
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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 West Palm Beach at 1624 Forest Lakes Cir #C, West Palm Beach, FL, 33406 uses $93,815 cash to close to unlock $10,585/yr annual cash flow and $882/mo monthly cash flow. Total monthly income runs $2,760/mo, and a $1,385/mo payment keeps the spread at $882/mo. Purchase price stands at $283,000, and rental yield measures 11.7% with $2,760/mo rent. Return on cash invested shows 31.19% in year one, and 5% annual appreciation builds toward $78,188 over five years. Five-year ROI reaches 163.99% and total cumulative return in cash records $153,843. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,760/mo property income covering a $1,385/mo payment rather than investor’s personal income.
Townhouse
Built in 1980
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33406, West Palm Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,033 (100%) |
| Owner Occupied HU | 6,314 (62.9%) |
| Renter Occupied HU | 3,162 (31.5%) |
| Vacant Housing Units | 557 ( 5.6%) |
| Median Home Value | $446,327 |
| Average Home Value | $529,750 |
Housing Distribution
Address Breakdown
Residential
9,641
Single Family
8,121
Multi-Family
1,520
Businesses
764
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Listed by: Moe Mossa • Savvy Avenue, LLC
Mls Name: BeachesMLS
Mls ID: #F10535268