220 Atlantic Ave #20Palm BeachFL33480
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 at 220 Atlantic Ave #20, Palm Beach, FL, 33480 earns from $7,487/mo rent with a $8,786/mo payment. Total monthly income totals $7,487/mo. ROI tracks 11.24% on current figures, and rental yield reads 5.01% at a $1,795,000 purchase. Equity gained on principal adds $11,583/yr, and 5% annual appreciation supports $495,925 over five years. Five-year ROI reaches 56.85% and total cumulative return in cash sums $330,625. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $7,487/mo property income instead of your personal income.
Condo
Built in 1978
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33480, Palm Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,178 (100%) |
| Owner Occupied HU | 5,203 (46.5%) |
| Renter Occupied HU | 952 ( 8.5%) |
| Vacant Housing Units | 5,023 (44.9%) |
| Median Home Value | $1,330,313 |
| Average Home Value | $1,415,885 |
Housing Distribution
Address Breakdown
Residential
9,067
Single Family
2,595
Multi-Family
6,472
Businesses
1,475
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Alexis Waller • Brown Harris Stevens of Palm Beach 6598
Mls Name: Palm Beach BOR
Mls ID: #25-1537