220 Lake Shore Dr #1210West Palm BeachFL33403
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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 220 Lake Shore Dr #1210, West Palm Beach, FL, 33403 listed at $1,950,000 pairs $2,340/mo rent with a $9,544/mo payment. Total monthly income runs $2,340/mo. Return on cash invested measures 0.24% in year one, and rental yield registers 1.44% at a $1,950,000 basis. Equity gained on principal adds $12,583/yr, and annual property appreciation at 5% supports $538,749 by year five. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,340/mo property income relative to a $9,544/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33403, West Palm Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,026 (100%) |
| Owner Occupied HU | 2,923 (48.5%) |
| Renter Occupied HU | 2,738 (45.4%) |
| Vacant Housing Units | 365 ( 6.1%) |
| Median Home Value | $415,625 |
| Average Home Value | $486,190 |
Housing Distribution
Address Breakdown
Residential
5,408
Single Family
4,511
Multi-Family
897
Businesses
999
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Listed by: Catherine Applegate • Douglas Elliman
Mls Name: Palm Beach BOR
Mls ID: #25-1991