246 Charter WayWest Palm BeachFL33407
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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 246 Charter Way, West Palm Beach, FL, 33407 generates $1,877/mo in rent and, after a $1,346/mo payment, leaves $52/mo in cash flow. Total monthly income is $1,877/mo, and annual cash flow is $624/yr on $91,163 invested. Return on cash invested sits at 20.59% in year one, and rental yield is 8.19% on a $275,000 entry. Equity gained on principal adds $1,775/yr, while 5% annual appreciation builds toward $75,977 over five years. Five-year ROI reaches 107.16% and total cumulative return in cash sums $97,691. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,877/mo property income rather than buyer’s personal income.
Townhouse
Built in 1984
1,346 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33407, West Palm Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,707 (100%) |
| Owner Occupied HU | 6,077 (38.7%) |
| Renter Occupied HU | 7,818 (49.8%) |
| Vacant Housing Units | 1,812 (11.5%) |
| Median Home Value | $345,745 |
| Average Home Value | $453,369 |
Housing Distribution
Address Breakdown
Residential
13,884
Single Family
9,698
Multi-Family
4,186
Businesses
1,707
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Listed by: Alexander Fink • Illustrated Properties LLC (Co
Mls Name: BeachesMLS
Mls ID: #RX-11118301