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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in West Palm Beach at 189 Lake Carol Drive, West Palm Beach, FL, 33411 generates $2,195/mo in rent and, after a $636/mo payment, leaves $880/mo in cash flow. Total monthly income is $2,195/mo, and annual cash flow is $10,555/yr on $43,095 invested. Return on cash invested sits at 44.4% in year one, and rental yield is 20.26% on a $130,000 entry. Equity gained on principal adds $839/yr, while 5% annual appreciation builds toward $35,917 over five years. Five-year ROI reaches 239.39% and total cumulative return in cash sums $103,167. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,195/mo property income rather than buyer’s personal income.
Condo
Built in 1978
N/A lot
$N/A/sqft
$453 monthly HOA
Neighborhood data shown for ZIP Code: 33411, West Palm Beach, FL area.
| 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 |
Residential
29,377
Single Family
22,830
Multi-Family
6,547
Businesses
1,580
Date | Event | Price |
|---|---|---|
| 2024-10-30 | Price change | $130,000 |
| 2024-08-03 | Listed for sale | $140,000 |
| 1996-04-30 | Sold | $25,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-12-26 | $384.00 | 4.07% | $30,109 | 3.00% |
| 2022-12-26 | $369.00 | 9.82% | $29,232 | 3.00% |
| 2021-12-26 | $336.00 | 3.41% | $28,381 | 1.40% |
Listed by: Dawn Van Dyke • RE/MAX of Stuart
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #RX-11005891
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.
