1943 Iris RoadWest Palm BeachFL33415
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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 West Palm Beach at 1943 Iris Road, West Palm Beach, FL, 33415 priced at $665,999 pairs $4,721/mo rent with $301/mo cash flow after a $3,260/mo payment. Total monthly income equals $4,721/mo, and annual cash flow comes to $3,613/yr on $219,114 invested. Return on cash invested is 21.71% in year one, and rental yield stands at 8.51% on a $665,999 basis. Equity gained on principal adds $4,298/yr, and 5% annual appreciation accumulates to $184,003 by year five. Five-year ROI measures 113.06% and total cumulative return in cash reaches $247,737. For financing, Ziffy Mortgage’s DSCR program evaluates $4,721/mo property income against a $3,260/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1959
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33415, West Palm Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,027 (100%) |
| Owner Occupied HU | 11,193 (55.9%) |
| Renter Occupied HU | 7,425 (37.1%) |
| Vacant Housing Units | 1,409 ( 7.0%) |
| Median Home Value | $295,757 |
| Average Home Value | $389,449 |
Housing Distribution
Address Breakdown
Residential
18,999
Single Family
11,552
Multi-Family
7,447
Businesses
728
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Listed by: Juan Jose Andujar Collazo • Reliant Realty ERA Powered
Mls Name: BeachesMLS
Mls ID: #RX-11034818