238 Woodland RdPalm SpringsFL33461
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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 Palm Springs at 238 Woodland Rd, Palm Springs, FL, 33461 generates $1,523/mo in rent and, after a $978/mo payment, leaves $197/mo in cash flow. Total monthly income is $1,523/mo, and annual cash flow is $2,362/yr on $66,267 invested. Return on cash invested sits at 23.47% in year one, and rental yield is 9.14% on a $199,900 entry. Equity gained on principal adds $1,290/yr, while 5% annual appreciation builds toward $55,229 over five years. Five-year ROI reaches 122.54% and total cumulative return in cash sums $81,205. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,523/mo property income rather than buyer’s personal income.
Townhouse
Built in 1978
1,126 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33461, Lake Worth, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,231 (100%) |
| Owner Occupied HU | 8,710 (45.3%) |
| Renter Occupied HU | 8,553 (44.5%) |
| Vacant Housing Units | 1,968 (10.2%) |
| Median Home Value | $315,307 |
| Average Home Value | $388,851 |
Housing Distribution
Address Breakdown
Residential
17,166
Single Family
11,584
Multi-Family
5,582
Businesses
1,299
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Listed by: Christopher Wallace • MAINSTAY BROKERAGE LLC
Mls Name: Stellar MLS
Mls ID: #O6368243