1920 N Congress Ave #105West Palm BeachFL33401
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 1920 N Congress Ave #105, West Palm Beach, FL, 33401 uses $64,643 cash to close to unlock $2,164/yr annual cash flow and $180/mo monthly cash flow. Total monthly income runs $1,474/mo, and a $954/mo payment keeps the spread at $180/mo. Purchase price stands at $195,000, and rental yield measures 9.07% with $1,474/mo rent. Return on cash invested shows 23.26% in year one, and 5% annual appreciation builds toward $53,875 over five years. Five-year ROI reaches 121.42% and total cumulative return in cash records $78,490. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,474/mo property income covering a $954/mo payment rather than investor’s personal income.
Condo
Built in 1981
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33401, West Palm Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,533 (100%) |
| Owner Occupied HU | 5,581 (25.9%) |
| Renter Occupied HU | 11,921 (55.4%) |
| Vacant Housing Units | 4,031 (18.7%) |
| Median Home Value | $635,286 |
| Average Home Value | $769,580 |
Housing Distribution
Address Breakdown
Residential
17,747
Single Family
6,570
Multi-Family
11,177
Businesses
2,352
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Wim Berndsen • Berndsen & Berndsen Realty
Mls Name: BeachesMLS
Mls ID: #F10544840