199 Lake Carol DriveWest Palm BeachFL33411
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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 199 Lake Carol Drive, West Palm Beach, FL, 33411 priced at $119,900 converts $917/mo rent into $121/mo cash flow after a $587/mo obligation. Total monthly income equals $917/mo, and annual cash flow totals $1,454/yr on $39,747 invested. Return on cash invested prints 23.57% in year one, and rental yield reads 9.18% against a $119,900 entry. Equity gained on principal adds $774/yr, while 5% annual appreciation compiles into $33,126 by year five. Five-year ROI reaches 123.15% and total cumulative return in cash sums $48,948. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $917/mo property income covering a $587/mo payment, not borrower’s personal income.
Condo
Built in 1976
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33411, West Palm Beach, FL area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
29,377
Single Family
22,830
Multi-Family
6,547
Businesses
1,580
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Listed by: Luz Astrid Amaya • Reliant Realty ERA Powered
Mls Name: BeachesMLS
Mls ID: #RX-11147190