2445 Edgewater DrWest Palm BeachFL33406
Nearby investment properties with comparable rents
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 West Palm Beach at 2445 Edgewater Dr, West Palm Beach, FL, 33406 earns $382/mo cash flow from $4,025/mo rent with a $2,687/mo payment. Total monthly income totals $4,025/mo, and annual cash flow totals $4,582/yr on $180,621 capital. ROI tracks 22.6% on current figures, and rental yield reads 8.8% at a $549,000 purchase. Equity gained on principal adds $3,543/yr, and 5% annual appreciation supports $151,679 over five years. Five-year ROI reaches 117.82% and total cumulative return in cash sums $212,804. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,025/mo property income instead of your personal income.
Single Family
Built in 1959
9,792 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Manny Martinez • Avery St James
Mls Name: BeachesMLS
Mls ID: #F10537840