2616 Florida StreetWest Palm BeachFL33406
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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 West Palm Beach at 2616 Florida Street, West Palm Beach, FL, 33406 generates $3,652/mo in rent and, after a $2,472/mo payment, leaves $300/mo in cash flow. Total monthly income is $3,652/mo, and annual cash flow is $3,606/yr on $166,145 invested. Return on cash invested sits at 22.23% in year one, and rental yield is 8.68% on a $505,000 entry. Equity gained on principal adds $3,259/yr, while 5% annual appreciation builds toward $139,522 over five years. Five-year ROI reaches 115.86% and total cumulative return in cash sums $192,498. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,652/mo property income rather than buyer’s personal income.
Single Family
Built in 2021
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33406, West Palm Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,033 (100%) |
| Owner Occupied HU | 6,314 (62.9%) |
| Renter Occupied HU | 3,162 (31.5%) |
| Vacant Housing Units | 557 ( 5.6%) |
| Median Home Value | $446,327 |
| Average Home Value | $529,750 |
Housing Distribution
Address Breakdown
Residential
9,641
Single Family
8,121
Multi-Family
1,520
Businesses
764
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Listed by: Carmen L Calderon • Partnership Realty Inc.
Mls Name: BeachesMLS
Mls ID: #RX-11151822