246 Northampton MWest Palm BeachFL33417
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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 Northampton M, West Palm Beach, FL, 33417 priced at $115,000 converts $895/mo rent into $132/mo cash flow after a $563/mo obligation. Total monthly income equals $895/mo, and annual cash flow totals $1,581/yr on $38,123 invested. Return on cash invested prints 24.05% in year one, and rental yield reads 9.34% against a $115,000 entry. Equity gained on principal adds $742/yr, while 5% annual appreciation compiles into $31,772 by year five. Five-year ROI reaches 125.68% and total cumulative return in cash sums $47,913. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $895/mo property income covering a $563/mo payment, not borrower’s personal income.
Condo
Built in 1973
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33417, West Palm Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,018 (100%) |
| Owner Occupied HU | 9,428 (49.6%) |
| Renter Occupied HU | 6,660 (35.0%) |
| Vacant Housing Units | 2,930 (15.4%) |
| Median Home Value | $154,618 |
| Average Home Value | $254,551 |
Housing Distribution
Address Breakdown
Residential
17,514
Single Family
8,570
Multi-Family
8,944
Businesses
316
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Listed by: Nicole Plummer • Jason Mitchell Real Estate Flo
Mls Name: BeachesMLS
Mls ID: #RX-11136285