2011 Shoma DrRoyal Palm BeachFL33414
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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
Investment property for sale in Royal Palm Beach at 2011 Shoma Dr, Royal Palm Beach, FL, 33414 uses $101,108 cash to close to unlock $471/yr annual cash flow and $39/mo monthly cash flow. Total monthly income runs $2,857/mo, and a $1,493/mo payment keeps the spread at $39/mo. Purchase price stands at $305,000, and rental yield measures 11.24% with $2,857/mo rent. Return on cash invested shows 20.37% in year one, and 5% annual appreciation builds toward $84,266 over five years. Five-year ROI reaches 109.37% and total cumulative return in cash records $110,578. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,857/mo property income covering a $1,493/mo payment rather than investor’s personal income.
Condo
Built in 2003
N/A lot
$N/A/sqft
$683 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33414, West Palm Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,453 (100%) |
| Owner Occupied HU | 15,335 (65.4%) |
| Renter Occupied HU | 5,950 (25.4%) |
| Vacant Housing Units | 2,168 ( 9.2%) |
| Median Home Value | $625,877 |
| Average Home Value | $714,976 |
Housing Distribution
Address Breakdown
Residential
22,416
Single Family
18,627
Multi-Family
3,789
Businesses
1,165
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Listed by: Celia Ruiz PA • Compass Florida, LLC
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11689538
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.