2615 N Garden DrLake WorthFL33461
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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
Investment property for sale in Lake Worth at 2615 N Garden Dr, Lake Worth, FL, 33461 offers a 21.09% rental yield on a $137,700 purchase with $2,420/mo rent. Total monthly income registers $2,420/mo, and a $674/mo payment leaves $566/mo available for distribution. Annual cash flow reaches $6,794/yr on $45,648 to close, and return on cash invested stands at 34.79% in year one. Equity gained on principal adds $889/yr while 5% annual appreciation supports $38,044 over five years. Portfolio math shows five-year ROI at 192.29% and total cumulative return in cash at $87,776. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,420/mo property income against a $674/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1972
N/A lot
$N/A/sqft
$940 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33461, Lake Worth, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,231 (100%) |
| Owner Occupied HU | 8,710 (45.3%) |
| Renter Occupied HU | 8,553 (44.5%) |
| Vacant Housing Units | 1,968 (10.2%) |
| Median Home Value | $315,307 |
| Average Home Value | $388,851 |
Housing Distribution
Address Breakdown
Residential
17,166
Single Family
11,584
Multi-Family
5,582
Businesses
1,299
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