2505 S Ocean Blvd #5030Palm Beach GardensFL33410
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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 Palm Beach Gardens at 2505 S Ocean Blvd #5030, Palm Beach Gardens, FL, 33410 generates $2,532/mo in rent, after a $1,933/mo payment. Total monthly income is $2,532/mo. Return on cash invested sits at 19.09% in year one, and rental yield is 7.69% on a $395,000 entry. Equity gained on principal adds $2,549/yr, while 5% annual appreciation builds toward $109,131 over five years. Five-year ROI reaches 99.09% and total cumulative return in cash sums $129,750. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,532/mo property income rather than buyer’s personal income.
Condo
Built in 1963
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33410, West Palm Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,945 (100%) |
| Owner Occupied HU | 11,740 (65.4%) |
| Renter Occupied HU | 4,521 (25.2%) |
| Vacant Housing Units | 1,684 ( 9.4%) |
| Median Home Value | $562,031 |
| Average Home Value | $758,647 |
Housing Distribution
Address Breakdown
Residential
17,511
Single Family
12,828
Multi-Family
4,683
Businesses
1,683
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Listed by: Alena Knoepfler • Florida Homes Rlty. & Mtg. LLC
Mls Name: Space Coast AOR
Mls ID: #1053547