Save Search
Filters Applied
EditEdit Filters
Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
Loading Maps & Overview...
Loading Calculator...
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Royal Palm Beach at 2148 Shoma Drive, Royal Palm Beach, FL, 33414 priced at $299,000 pairs $3,120/mo rent with $580/mo cash flow after a $1,463/mo payment. Total monthly income equals $3,120/mo, and annual cash flow comes to $6,962/yr on $99,119 invested. Return on cash invested is 26.93% in year one, and rental yield stands at 12.52% on a $299,000 basis. Equity gained on principal adds $1,929/yr, and 5% annual appreciation accumulates to $82,608 by year five. Five-year ROI measures 143.56% and total cumulative return in cash reaches $142,294. For financing, Ziffy Mortgage’s DSCR program evaluates $3,120/mo property income against a $1,463/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 2006
N/A lot
$N/A/sqft
$420 monthly HOA
Neighborhood data shown for ZIP Code: 33414, West Palm Beach, FL area.
| 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 |
Residential
22,416
Single Family
18,627
Multi-Family
3,789
Businesses
1,165
Date | Event | Price |
|---|---|---|
| 2024-12-16 | Listed for sale | $299,000 |
| 2024-11-28 | Listing removed | $306,000 |
| 2024-11-28 | Price change | $306,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-12-25 | $4294.00 | 16.59% | $199,650 | 10.00% |
| 2022-12-25 | $3683.00 | 10.67% | $181,500 | 10.00% |
| 2021-12-25 | $3328.00 | 7.28% | $165,000 | 8.55% |
Listed by: Matthew Lemon • Lemon Drop Realty
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #RX-11045170
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 2024 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.
