1823 Richard LnPalm SpringsFL33406
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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 Palm Springs at 1823 Richard Ln, Palm Springs, FL, 33406 offers a 6.8% rental yield on a $721,000 purchase with $4,085/mo rent. 52% in year one. Equity gained on principal adds $4,653/yr while 5% annual appreciation supports $199,199 over five years. Portfolio math shows five-year ROI at 85.24% and total cumulative return in cash at $202,197. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,085/mo property income against a $3,529/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1978
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33406, West Palm Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,033 (100%) |
| Owner Occupied HU | 6,314 (62.9%) |
| Renter Occupied HU | 3,162 (31.5%) |
| Vacant Housing Units | 557 ( 5.6%) |
| Median Home Value | $446,327 |
| Average Home Value | $529,750 |
Housing Distribution
Address Breakdown
Residential
9,641
Single Family
8,121
Multi-Family
1,520
Businesses
764
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Listed by: Peter Meyerhoefer Pa • LoKation
Mls Name: BeachesMLS
Mls ID: #F10535240