1803 Service RdNorth Palm BeachFL33408
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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 North Palm Beach at 1803 Service Rd, North Palm Beach, FL, 33408 generates $3,035/mo in rent, after a $2,435/mo payment. Total monthly income is $3,035/mo. Return on cash invested sits at 17.97% in year one, and rental yield is 7.32% on a $497,500 entry. Equity gained on principal adds $3,210/yr, while 5% annual appreciation builds toward $137,450 over five years. Five-year ROI reaches 93.04% and total cumulative return in cash sums $153,435. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,035/mo property income rather than buyer’s personal income.
Single Family
Built in 1973
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33408, North Palm Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,691 (100%) |
| Owner Occupied HU | 7,367 (58.0%) |
| Renter Occupied HU | 2,617 (20.6%) |
| Vacant Housing Units | 2,707 (21.3%) |
| Median Home Value | $702,045 |
| Average Home Value | $877,462 |
Housing Distribution
Address Breakdown
Residential
11,371
Single Family
5,958
Multi-Family
5,413
Businesses
1,371
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Listed by: Daniel Taylor • Taylor Realty Group LLC
Mls Name: MIAMI
Mls ID: #A11858512