220 Lake Shore Drive #1909West 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 Drive #1909, West Palm Beach, FL, 33403 earns from $5,828/mo rent with a $7,244/mo payment. Total monthly income totals $5,828/mo. ROI tracks 10.38% on current figures, and rental yield reads 4.73% at a $1,480,000 purchase. Equity gained on principal adds $9,550/yr, and 5% annual appreciation supports $408,897 over five years. Five-year ROI reaches 52.23% and total cumulative return in cash sums $250,436. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $5,828/mo property income instead of your personal income.
Condo
Built in 2025
0.81 Acres 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: Madisen Carrabino • Oculus Realty LLC
Mls Name: BeachesMLS
Mls ID: #RX-11156609