2301 Ridgeway AvenueWest Palm BeachFL33401
Nearby investment properties with comparable rents
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 West Palm Beach at 2301 Ridgeway Avenue, West Palm Beach, FL, 33401 listed at $1,499,950 pairs $5,186/mo rent with a $7,342/mo payment. Total monthly income runs $5,186/mo. Return on cash invested measures 8.6% in year one, and rental yield registers 4.15% at a $1,499,950 basis. Equity gained on principal adds $9,679/yr, and annual property appreciation at 5% supports $414,409 by year five. Five-year ROI tracks 42.68% and total cumulative return in cash totals $207,404. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $5,186/mo property income relative to a $7,342/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1950
9,357 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33401, West Palm Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,533 (100%) |
| Owner Occupied HU | 5,581 (25.9%) |
| Renter Occupied HU | 11,921 (55.4%) |
| Vacant Housing Units | 4,031 (18.7%) |
| Median Home Value | $635,286 |
| Average Home Value | $769,580 |
Housing Distribution
Address Breakdown
Residential
17,747
Single Family
6,570
Multi-Family
11,177
Businesses
2,352
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Shakir Ahmed • Continental Properties, Inc.
Mls Name: BeachesMLS
Mls ID: #RX-11128306