215 Lake Carol DriveWest 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
Rental property for sale in West Palm Beach at 215 Lake Carol Drive, West Palm Beach, FL, 33411 offers $1,498/mo rent that, after a $920/mo payment, leaves $251/mo cash flow. Total monthly income is $1,498/mo, and annual cash flow is $3,007/yr on $62,322 cash. Return on cash invested measures 24.73% in year one, and rental yield stands at 9.56% at a $188,000 entry. Equity gained on principal adds $1,213/yr while 5% annual appreciation compounds into $51,941 by year five. Five-year ROI records 129.33% and total cumulative return in cash reaches $80,600. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,498/mo property income versus a $920/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1977
N/A 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: Lyndon N Miller • Continental Properties, Inc.
Mls Name: BeachesMLS
Mls ID: #RX-11137703