2400 Presidential Way #403West Palm BeachFL33401
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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 West Palm Beach at 2400 Presidential Way #403, West Palm Beach, FL, 33401 generates $2,761/mo in rent and, after a $1,370/mo payment, leaves $903/mo in cash flow. Total monthly income is $2,761/mo, and annual cash flow is $10,840/yr on $92,820 invested. Return on cash invested sits at 31.59% in year one, and rental yield is 11.83% on a $280,000 entry. Equity gained on principal adds $1,807/yr, while 5% annual appreciation builds toward $77,359 over five years. Five-year ROI reaches 166.09% and total cumulative return in cash sums $154,161. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,761/mo property income rather than buyer’s personal income.
Condo
Built in 1972
N/A 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
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Listed by: Shelley Gerst • The Corcoran Group
Mls Name: BeachesMLS
Mls ID: #RX-11153940