164 Evergrene ParkwayPalm Beach GardensFL33410
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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 164 Evergrene Parkway, Palm Beach Gardens, FL, 33410 offers a 11.37% rental yield on a $659,000 purchase with $6,242/mo rent. Total monthly income registers $6,242/mo, and a $3,225/mo payment leaves $771/mo available for distribution. Annual cash flow reaches $9,253/yr on $216,811 to close, and return on cash invested stands at 24.33% in year one. Equity gained on principal adds $4,252/yr while 5% annual appreciation supports $182,070 over five years. Portfolio math shows five-year ROI at 129.32% and total cumulative return in cash at $280,375. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $6,242/mo property income against a $3,225/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 2002
N/A lot
$N/A/sqft
$929 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33410, West Palm Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,945 (100%) |
| Owner Occupied HU | 11,740 (65.4%) |
| Renter Occupied HU | 4,521 (25.2%) |
| Vacant Housing Units | 1,684 ( 9.4%) |
| Median Home Value | $562,031 |
| Average Home Value | $758,647 |
Housing Distribution
Address Breakdown
Residential
17,511
Single Family
12,828
Multi-Family
4,683
Businesses
1,683
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Listed by: Linda Bright • Illustrated Properties LLC (Co
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #RX-11026748
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 2025 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.