2204 Myrtlewood Circle EPalm Beach GardensFL33418
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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 Palm Beach Gardens at 2204 Myrtlewood Circle E, Palm Beach Gardens, FL, 33418 offers a 11.15% rental yield on a $299,000 purchase with $2,778/mo rent. Total monthly income registers $2,778/mo, and a $1,463/mo payment leaves $794/mo available for distribution. Annual cash flow reaches $9,531/yr on $99,119 to close, and return on cash invested stands at 29.52% in year one. Equity gained on principal adds $1,929/yr while 5% annual appreciation supports $82,608 over five years. Portfolio math shows five-year ROI at 155.02% and total cumulative return in cash at $153,658. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,778/mo property income against a $1,463/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2004
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33418, West Palm Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,474 (100%) |
| Owner Occupied HU | 16,453 (70.1%) |
| Renter Occupied HU | 4,410 (18.8%) |
| Vacant Housing Units | 2,611 (11.1%) |
| Median Home Value | $742,009 |
| Average Home Value | $890,923 |
Housing Distribution
Address Breakdown
Residential
22,155
Single Family
16,257
Multi-Family
5,898
Businesses
508
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Listed by: Steven T Koleno • Beycome of Florida LLC
Mls Name: BeachesMLS
Mls ID: #RX-11157999