1901 Sable Ridge Court E, Palm BeacPalm Beach GardensFL33418
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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 Palm Beach Gardens at 1901 Sable Ridge Court E, Palm Beac, Palm Beach Gardens, FL, 33418 priced at $350,000 converts $2,395/mo rent into $72/mo cash flow after a $1,713/mo obligation. Total monthly income equals $2,395/mo, and annual cash flow totals $869/yr on $116,025 invested. Return on cash invested prints 20.66% in year one, and rental yield reads 8.21% against a $350,000 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation compiles into $96,699 by year five. Five-year ROI reaches 107.46% and total cumulative return in cash sums $124,682. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,395/mo property income covering a $1,713/mo payment, not borrower’s personal income.
Condo
Built in 1985
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33418, West Palm Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,474 (100%) |
| Owner Occupied HU | 16,453 (70.1%) |
| Renter Occupied HU | 4,410 (18.8%) |
| Vacant Housing Units | 2,611 (11.1%) |
| Median Home Value | $742,009 |
| Average Home Value | $890,923 |
Housing Distribution
Address Breakdown
Residential
22,155
Single Family
16,257
Multi-Family
5,898
Businesses
508
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Listed by: Daniel Jules • A New Start Realty LLC
Mls Name: BeachesMLS
Mls ID: #RX-11089704