1661 Balfour Point Dr APT CWest 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
Investment property for sale in West Palm Beach at 1661 Balfour Point Dr APT C, West Palm Beach, FL, 33411 earns $34/mo cash flow from $1,487/mo rent with a $1,072/mo payment. Total monthly income totals $1,487/mo, and annual cash flow totals $403/yr on $72,599 capital. ROI tracks 20.46% on current figures, and rental yield reads 8.15% at a $219,000 purchase. Equity gained on principal adds $1,413/yr, and 5% annual appreciation supports $60,506 over five years. Five-year ROI reaches 106.43% and total cumulative return in cash sums $77,265. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,487/mo property income instead of your personal income.
Condo
Built in 1989
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: Jorge Kupferman • Miami Life Realty LLC
Mls Name: MIAMI
Mls ID: #A11891018