250 Foresteria DriveLake ParkFL33403
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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 Lake Park at 250 Foresteria Drive, Lake Park, FL, 33403 priced at $979,000 converts $6,707/mo rent into $210/mo cash flow after a $4,792/mo obligation. Total monthly income equals $6,707/mo, and annual cash flow totals $2,519/yr on $322,091 invested. Return on cash invested prints 20.84% in year one, and rental yield reads 8.22% against a $979,000 entry. Equity gained on principal adds $6,317/yr, while 5% annual appreciation compiles into $270,480 by year five. Five-year ROI reaches 108.4% and total cumulative return in cash sums $349,138. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $6,707/mo property income covering a $4,792/mo payment, not borrower’s personal income.
Single Family
Built in 1925
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33403, West Palm Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,026 (100%) |
| Owner Occupied HU | 2,923 (48.5%) |
| Renter Occupied HU | 2,738 (45.4%) |
| Vacant Housing Units | 365 ( 6.1%) |
| Median Home Value | $415,625 |
| Average Home Value | $486,190 |
Housing Distribution
Address Breakdown
Residential
5,408
Single Family
4,511
Multi-Family
897
Businesses
999
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