203 Canterbury Drive WRiviera BeachFL33407
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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 Riviera Beach at 203 Canterbury Drive W, Riviera Beach, FL, 33407 priced at $375,000 converts $2,631/mo rent into $143/mo cash flow after a $1,835/mo obligation. Total monthly income equals $2,631/mo, and annual cash flow totals $1,714/yr on $124,313 invested. Return on cash invested prints 21.29% in year one, and rental yield reads 8.42% against a $375,000 entry. Equity gained on principal adds $2,420/yr, while 5% annual appreciation compiles into $103,606 by year five. Five-year ROI reaches 110.81% and total cumulative return in cash sums $137,751. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,631/mo property income covering a $1,835/mo payment, not borrower’s personal income.
Single Family
Built in 1981
7,501 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33407, West Palm Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,707 (100%) |
| Owner Occupied HU | 6,077 (38.7%) |
| Renter Occupied HU | 7,818 (49.8%) |
| Vacant Housing Units | 1,812 (11.5%) |
| Median Home Value | $345,745 |
| Average Home Value | $453,369 |
Housing Distribution
Address Breakdown
Residential
13,884
Single Family
9,698
Multi-Family
4,186
Businesses
1,707
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Listed by: Larry T Jones • Superstar Realty and Appraisals LLC
Mls Name: BeachesMLS
Mls ID: #RX-11127949