1805 N Flagler Drive #311West Palm BeachFL33407
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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 1805 N Flagler Drive #311, West Palm Beach, FL, 33407 generates $1,455/mo in rent and, after a $1,052/mo payment, leaves $29/mo in cash flow. Total monthly income is $1,455/mo, and annual cash flow is $342/yr on $71,273 invested. Return on cash invested sits at 20.39% in year one, and rental yield is 8.12% on a $215,000 entry. Equity gained on principal adds $1,387/yr, while 5% annual appreciation builds toward $59,401 over five years. Five-year ROI reaches 106.04% and total cumulative return in cash sums $75,577. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,455/mo property income rather than buyer’s personal income.
Condo
Built in 2000
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33407, West Palm Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,707 (100%) |
| Owner Occupied HU | 6,077 (38.7%) |
| Renter Occupied HU | 7,818 (49.8%) |
| Vacant Housing Units | 1,812 (11.5%) |
| Median Home Value | $345,745 |
| Average Home Value | $453,369 |
Housing Distribution
Address Breakdown
Residential
13,884
Single Family
9,698
Multi-Family
4,186
Businesses
1,707
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Listed by: Albert Pavon • Pavon Realty Group, LLC
Mls Name: BeachesMLS
Mls ID: #RX-11152561