249 Monterey WayRoyal 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
Rental property for sale in Royal Palm Beach at 249 Monterey Way, Royal Palm Beach, FL, 33411 priced at $584,999 pairs $3,872/mo rent with after a $2,863/mo payment. Total monthly income equals $3,872/mo. Return on cash invested is 20% in year one, and rental yield stands at 7.94% on a $584,999 basis. Equity gained on principal adds $3,775/yr, and 5% annual appreciation accumulates to $161,624 by year five. Five-year ROI measures 103.9% and total cumulative return in cash reaches $199,974. For financing, Ziffy Mortgage’s DSCR program evaluates $3,872/mo property income against a $2,863/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1998
8,934 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: Derek Francois • Logan Realty Inc
Mls Name: BeachesMLS
Mls ID: #RX-11156371