1801 S Flagler Drive #1006West Palm BeachFL33401
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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
Rental property for sale in West Palm Beach at 1801 S Flagler Drive #1006, West Palm Beach, FL, 33401 generates $3,844/mo in rent, after a $3,030/mo payment. Total monthly income is $3,844/mo. Return on cash invested sits at 11.83% in year one, and rental yield is 7.45% on a $619,000 entry. Equity gained on principal adds $3,994/yr, while 5% annual appreciation builds toward $171,018 over five years. Five-year ROI reaches 62.48% and total cumulative return in cash sums $127,249. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,844/mo property income rather than buyer’s personal income.
Condo
Built in 1973
N/A lot
$N/A/sqft
$815 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33401, West Palm Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,533 (100%) |
| Owner Occupied HU | 5,581 (25.9%) |
| Renter Occupied HU | 11,921 (55.4%) |
| Vacant Housing Units | 4,031 (18.7%) |
| Median Home Value | $635,286 |
| Average Home Value | $769,580 |
Housing Distribution
Address Breakdown
Residential
17,747
Single Family
6,570
Multi-Family
11,177
Businesses
2,352
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Listed by: Brooke Murphy • Compass Florida LLC (PB)
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #RX-10965411
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.