237 Porter PlaceWest Palm BeachFL33409
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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 West Palm Beach at 237 Porter Place, West Palm Beach, FL, 33409 with 5% annual appreciation on a $520,000 basis while $3,307/mo rent supports operations. 05% in year one. Equity gained on principal adds $3,355/yr, and five-year appreciation sums $143,666 alongside rental yield of 7.63%. Five-year ROI measures 98.83% and total cumulative return in cash totals $169,079. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,307/mo property income versus a $2,545/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1972
9,543 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33409, West Palm Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,274 (100%) |
| Owner Occupied HU | 5,595 (39.2%) |
| Renter Occupied HU | 7,596 (53.2%) |
| Vacant Housing Units | 1,083 ( 7.6%) |
| Median Home Value | $369,591 |
| Average Home Value | $519,718 |
Housing Distribution
Address Breakdown
Residential
12,622
Single Family
7,927
Multi-Family
4,695
Businesses
1,880
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Listed by: Geronne Lormont • Charles Rutenberg Realty FTL
Mls Name: BeachesMLS
Mls ID: #RX-11117671