220 Lake Shore Drive #N-Ph09Lake ParkFL33403
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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 Lake Park at 220 Lake Shore Drive #N-Ph09, Lake Park, FL, 33403 earns from $2,340/mo rent with a $7,929/mo payment. Total monthly income totals $2,340/mo. ROI tracks -1.7% on current figures, and rental yield reads 1.73% at a $1,620,000 purchase. Equity gained on principal adds $10,454/yr, and 5% annual appreciation supports $447,576 over five years. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,340/mo property income instead of your personal income.
Condo
Built in 2025
0.81 Acres lot
$N/A/sqft
$1,243 monthly 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 Provider:
Mls ID: #RX-11010533
Disclaimer: All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2024 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.