182 N Lake Frances DriveWest 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 182 N Lake Frances Drive, West Palm Beach, FL, 33411 uses $49,692 cash to close to unlock $2,123/yr annual cash flow and $177/mo monthly cash flow. Total monthly income runs $1,172/mo, and a $734/mo payment keeps the spread at $177/mo. Purchase price stands at $149,900, and rental yield measures 9.38% with $1,172/mo rent. Return on cash invested shows 24.18% in year one, and 5% annual appreciation builds toward $41,415 over five years. Five-year ROI reaches 126.32% and total cumulative return in cash records $62,771. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,172/mo property income covering a $734/mo payment rather than investor’s personal income.
Condo
Built in 1978
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: Cheddi D. Subaran • Subaran's Int'l Realty
Mls Name: BeachesMLS
Mls ID: #RX-11148053