212 Club DrivePalm Beach GardensFL33418
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Palm Beach Gardens at 212 Club Drive, Palm Beach Gardens, FL, 33418 uses $180,950 cash to close to unlock $5,389/yr annual cash flow and $449/mo monthly cash flow. Total monthly income runs $4,099/mo, and a $2,692/mo payment keeps the spread at $449/mo. Purchase price stands at $549,999, and rental yield measures 8.94% with $4,099/mo rent. Return on cash invested shows 23.04% in year one, and 5% annual appreciation builds toward $151,955 over five years. Five-year ROI reaches 120.2% and total cumulative return in cash records $217,509. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,099/mo property income covering a $2,692/mo payment rather than investor’s personal income.
Condo
Built in 1981
2,204 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33418, West Palm Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,474 (100%) |
| Owner Occupied HU | 16,453 (70.1%) |
| Renter Occupied HU | 4,410 (18.8%) |
| Vacant Housing Units | 2,611 (11.1%) |
| Median Home Value | $742,009 |
| Average Home Value | $890,923 |
Housing Distribution
Address Breakdown
Residential
22,155
Single Family
16,257
Multi-Family
5,898
Businesses
508
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Justin Varner • The Corcoran Group
Mls Name: BeachesMLS
Mls ID: #RX-11146901