2400 Bimini DriveWest Palm BeachFL33406
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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 2400 Bimini Drive, West Palm Beach, FL, 33406 uses $132,567 cash to close to unlock $13,098/yr annual cash flow and $1,092/mo monthly cash flow. Total monthly income runs $3,745/mo, and a $1,957/mo payment keeps the spread at $1,092/mo. Purchase price stands at $399,900, and rental yield measures 11.24% with $3,745/mo rent. Return on cash invested shows 29.79% in year one, and 5% annual appreciation builds toward $110,485 over five years. Five-year ROI reaches 156.42% and total cumulative return in cash records $207,356. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,745/mo property income covering a $1,957/mo payment rather than investor’s personal income.
Single Family
Built in 1969
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33406, West Palm Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,033 (100%) |
| Owner Occupied HU | 6,314 (62.9%) |
| Renter Occupied HU | 3,162 (31.5%) |
| Vacant Housing Units | 557 ( 5.6%) |
| Median Home Value | $446,327 |
| Average Home Value | $529,750 |
Housing Distribution
Address Breakdown
Residential
9,641
Single Family
8,121
Multi-Family
1,520
Businesses
764
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Listed by: Keith Bettenhausen • Bermuda Shorts Real Estate Services Inc
Mls Name: BeachesMLS
Mls ID: #RX-11121952