237 E Ilex DrLake ParkFL33403
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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 Lake Park at 237 E Ilex Dr, Lake Park, FL, 33403 uses $197,071 cash to close to unlock $11,469/yr annual cash flow and $956/mo monthly cash flow. Total monthly income runs $4,931/mo, and a $2,932/mo payment keeps the spread at $956/mo. Purchase price stands at $599,000, and rental yield measures 9.88% with $4,931/mo rent. Return on cash invested shows 25.88% in year one, and 5% annual appreciation builds toward $165,493 over five years. Five-year ROI reaches 135.42% and total cumulative return in cash records $266,866. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,931/mo property income covering a $2,932/mo payment rather than investor’s personal income.
Single Family
Built in 1958
0.32 Acres lot
$N/A/sqft
No 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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