2108 Palm Beach Trace DriveRoyal 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
Investment property for sale in Royal Palm Beach at 2108 Palm Beach Trace Drive, Royal Palm Beach, FL, 33411 uses $71,273 cash to close to unlock $270/yr annual cash flow and $23/mo monthly cash flow. Total monthly income runs $1,449/mo, and a $1,052/mo payment keeps the spread at $23/mo. Purchase price stands at $215,000, and rental yield measures 8.09% with $1,449/mo rent. Return on cash invested shows 20.29% in year one, and 5% annual appreciation builds toward $59,401 over five years. Five-year ROI reaches 105.5% and total cumulative return in cash records $75,193. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,449/mo property income covering a $1,052/mo payment rather than investor’s personal income.
Condo
Built in 1992
365 sqft 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: Ivan Velasquez • CGI Realty
Mls Name: BeachesMLS
Mls ID: #RX-11132048