2440 SW Island Creek TrlPalm CityFL34990
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Nearby investment properties with comparable prices
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 Palm City at 2440 SW Island Creek Trl, Palm City, FL, 34990 offers a 9.45% rental yield on a $935,000 purchase with $7,363/mo rent. Total monthly income registers $7,363/mo, and a $4,576/mo payment leaves $452/mo available for distribution. Annual cash flow reaches $5,418/yr on $307,615 to close, and return on cash invested stands at 21.82% in year one. Equity gained on principal adds $6,033/yr while 5% annual appreciation supports $258,323 over five years. Portfolio math shows five-year ROI at 114.65% and total cumulative return in cash at $352,688. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $7,363/mo property income against a $4,576/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 1998
3,092 sqft lot
$N/A/sqft
$707 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34990, Palm City, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,522 (100%) |
| Owner Occupied HU | 11,658 (80.3%) |
| Renter Occupied HU | 1,657 (11.4%) |
| Vacant Housing Units | 1,207 ( 8.3%) |
| Median Home Value | $596,592 |
| Average Home Value | $663,824 |
Housing Distribution
Address Breakdown
Residential
14,123
Single Family
13,161
Multi-Family
962
Businesses
694
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Listed by: Sara Crombie • New Wave Real Estate Group Inc
Mls Name: Martin County REALTORS of the Treasure Coast (MCRTC)
Mls Provider:
Mls ID: #M20046084
Disclaimer: The data relating to real estate for sale on this web site comes in part from a cooperative data exchange program of the Realtor Association of Martin County, Inc. MLS. Real estate listings held by brokerage firms other than Zillow, Inc. are marked with the IDX logo or name and detailed information about such listings includes the name of the listing brokers. Data provided is deemed reliable but is not guaranteed. Copyright 2024 Realtor Association of Martin County, Inc. MLS. All rights reserved.