2239 Ridgewood CircleRoyal Palm BeachFL33411
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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 Royal Palm Beach at 2239 Ridgewood Circle, Royal Palm Beach, FL, 33411 listed at $849,000 pairs $5,620/mo rent with a $4,155/mo payment. Total monthly income runs $5,620/mo. Return on cash invested measures 18.78% in year one, and rental yield registers 7.94% at a $849,000 basis. Equity gained on principal adds $5,478/yr, and annual property appreciation at 5% supports $234,563 by year five. Five-year ROI tracks 97.82% and total cumulative return in cash totals $273,236. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $5,620/mo property income relative to a $4,155/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2003
8,925 sqft lot
$N/A/sqft
$238 monthly HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 33411, West Palm Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 30,101 (100%) |
| Owner Occupied HU | 21,317 (70.8%) |
| Renter Occupied HU | 7,003 (23.3%) |
| Vacant Housing Units | 1,781 ( 5.9%) |
| Median Home Value | $481,969 |
| Average Home Value | $527,515 |
Housing Distribution
Address Breakdown
Residential
29,377
Single Family
22,830
Multi-Family
6,547
Businesses
1,580
Price History
Date | Event | Price |
|---|---|---|
| 2024-11-09 | Price change | $849,000 |
| 2024-10-12 | Listed for sale | $849,999 |
| 2024-10-06 | Listing removed | $849,999 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-02-14 | $8096.00 | 0.96% | $444,348 | 3.00% |
| 2022-02-14 | $8019.00 | 1.17% | $431,406 | 3.00% |
| 2021-02-14 | $7926.00 | 0.13% | $418,841 | 1.40% |
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 2003
- Architectural Style: Traditional
- Building Area: 5,230
- Living Area: 3,974 sqft
- Property Condition: Resale
Features & Amenities
- Heating: Central, Electric
- Cooling: Ceiling Fan(s), Central Air, Electric
- Flooring: Carpet, Tile
- Interior Features: Kitchen Island, Pantry, Roman Tub, Walk-In Closet(s)
- Exterior Features: Built-in Barbecue, Open Balcony, Room for Pool, Outdoor Kitchen
- Parking Features: 2+ Spaces, Driveway, Garage - Attached, Converted Garage
Location
- City: Royal Palm Beach
- State: FL
- Subdivision: Madison Green 1 Pars F And J
- Lot Size: 8,925 sqft
- Lot Features: < 1/4 Acre
- View: Lake
HOA & Fees
- HOA Fee: $238 monthly
- Association Fee: $238 monthly
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: Cable TV, Common Areas, Security
Utilities
- Utilities: Cable Connected, Electricity Connected
- Sewer: Public Sewer
- Water Source: Public
- Road Surface Type: N/A
School Information
- Elementary School: Royal Palm Beach Elementary School
- Middle School: Crestwood Community Middle
- High School: Royal Palm Beach High School
Listed by: Alejandra Martinez • Palm Beach International Rlty.
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #RX-11028031
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 2025 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.