2023 Shoma DriveRoyal 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 2023 Shoma Drive, Royal Palm Beach, FL, 33414 uses $106,080 cash to close to unlock $857/yr annual cash flow and $71/mo monthly cash flow. Total monthly income runs $2,857/mo, and a $1,566/mo payment keeps the spread at $71/mo. Purchase price stands at $320,000, and rental yield measures 10.71% with $2,857/mo rent. Return on cash invested shows 20.72% in year one, and 5% annual appreciation builds toward $88,410 over five years. Five-year ROI reaches 110.49% and total cumulative return in cash records $117,207. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,857/mo property income covering a $1,566/mo payment rather than investor’s personal income.
Condo
Built in 2003
N/A lot
$N/A/sqft
$582 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: Lisa Ruiz • Dwell Realty Group
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #RX-11023874
Disclaimer: All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2025 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.