2601 Conroy DriveNorth Palm BeachFL33403
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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 North Palm Beach at 2601 Conroy Drive, North Palm Beach, FL, 33403 priced at $599,990 converts $4,072/mo rent into $90/mo cash flow after a $2,937/mo obligation. Total monthly income equals $4,072/mo, and annual cash flow totals $1,080/yr on $197,397 invested. Return on cash invested prints 20.61% in year one, and rental yield reads 8.14% against a $599,990 entry. Equity gained on principal adds $3,872/yr, while 5% annual appreciation compiles into $165,766 by year five. Five-year ROI reaches 107.17% and total cumulative return in cash sums $211,557. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,072/mo property income covering a $2,937/mo payment, not borrower’s personal income.
Single Family
Built in 1954
N/A 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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Listed by: Jonathan Frank • Premier Brokers International
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #RX-11077936
Disclaimer: All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2025 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.