216 Andover IWest Palm BeachFL33417
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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 216 Andover I, West Palm Beach, FL, 33417 uses $33,150 cash to close to unlock $1,378/yr annual cash flow and $115/mo monthly cash flow. Total monthly income runs $778/mo, and a $489/mo payment keeps the spread at $115/mo. Purchase price stands at $100,000, and rental yield measures 9.34% with $778/mo rent. Return on cash invested shows 24.07% in year one, and 5% annual appreciation builds toward $27,628 over five years. Five-year ROI reaches 125.73% and total cumulative return in cash records $41,680. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $778/mo property income covering a $489/mo payment rather than investor’s personal income.
Condo
Built in 1971
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33417, West Palm Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,018 (100%) |
| Owner Occupied HU | 9,428 (49.6%) |
| Renter Occupied HU | 6,660 (35.0%) |
| Vacant Housing Units | 2,930 (15.4%) |
| Median Home Value | $154,618 |
| Average Home Value | $254,551 |
Housing Distribution
Address Breakdown
Residential
17,514
Single Family
8,570
Multi-Family
8,944
Businesses
316
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Listed by: Jayme Stevens • Rinker Realty Inc
Mls Name: BeachesMLS
Mls ID: #RX-11128127