224 N L StreetLake WorthFL33460
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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
Rental property for sale in Lake Worth at 224 N L Street, Lake Worth, FL, 33460 priced at $239,900 converts $2,187/mo rent into $328/mo cash flow after a $1,174/mo obligation. Total monthly income equals $2,187/mo, and annual cash flow totals $3,937/yr on $79,527 invested. Return on cash invested prints 24.86% in year one, and rental yield reads 10.94% against a $239,900 entry. Equity gained on principal adds $1,548/yr, while 5% annual appreciation compiles into $66,280 by year five. Five-year ROI reaches 131.51% and total cumulative return in cash sums $104,587. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,187/mo property income covering a $1,174/mo payment, not borrower’s personal income.
Single Family
Built in 1925
3,375 sqft lot
$N/A/sqft
No HOA
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Listed by: Barbara Lilley • True Blue Realty Inc
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #RX-11083031
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.