242 Par DriveRoyal Palm BeachFL33411
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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 Royal Palm Beach at 242 Par Drive, Royal Palm Beach, FL, 33411 at $359,000 posts ROI 27.76% with $779/mo cash flow from $3,161/mo rent. Total monthly income equals $3,161/mo, and annual cash flow records $9,345/yr on $119,009 to close. Return on cash invested measures 27.76% and rental yield reads 10.57% at the current $359,000. Equity gained on principal adds $2,317/yr, and 5% annual appreciation supports $99,185 by year five. Five-year ROI prints 145.54% and total cumulative return in cash totals $173,203.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,161/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1984
2,300 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33411, West Palm Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 30,101 (100%) |
| Owner Occupied HU | 21,317 (70.8%) |
| Renter Occupied HU | 7,003 (23.3%) |
| Vacant Housing Units | 1,781 ( 5.9%) |
| Median Home Value | $481,969 |
| Average Home Value | $527,515 |
Housing Distribution
Address Breakdown
Residential
29,377
Single Family
22,830
Multi-Family
6,547
Businesses
1,580
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Listed by: Kathryn Marie Davis • Reliant Realty ERA Powered
Mls Name: BeachesMLS
Mls ID: #RX-11136337