2114 Echo Lake DriveWest Palm 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
Investment property for sale in West Palm Beach at 2114 Echo Lake Drive, West Palm Beach, FL, 33407 offers a 8.07% rental yield on a $699,900 purchase with $4,708/mo rent. Total monthly income registers $4,708/mo, and a $3,426/mo payment leaves $63/mo available for distribution. Annual cash flow reaches $756/yr on $230,267 to close, and return on cash invested stands at 20.39% in year one. Equity gained on principal adds $4,516/yr while 5% annual appreciation supports $193,369 over five years. Portfolio math shows five-year ROI at 105.99% and total cumulative return in cash at $244,064. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,708/mo property income against a $3,426/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1993
10,502 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: Nicholas A McDonald • Eb Stone Realty
Mls Name: BeachesMLS
Mls ID: #RX-11124201