219 Lake Meryl DriveWest Palm BeachFL33411
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
Rental property for sale in West Palm Beach at 219 Lake Meryl Drive, West Palm Beach, FL, 33411 priced at $190,000 pairs $1,492/mo rent with $231/mo cash flow after a $930/mo payment. Total monthly income equals $1,492/mo, and annual cash flow comes to $2,773/yr on $62,985 invested. Return on cash invested is 24.31% in year one, and rental yield stands at 9.42% on a $190,000 basis. Equity gained on principal adds $1,226/yr, and 5% annual appreciation accumulates to $52,494 by year five. Five-year ROI measures 127.1% and total cumulative return in cash reaches $80,052. For financing, Ziffy Mortgage’s DSCR program evaluates $1,492/mo property income against a $930/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1980
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Leslie B Torino • Realty Home Advisors Inc
Mls Name: BeachesMLS
Mls ID: #RX-11146523