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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Wellington at 2634 Fairway Cove Ct, Wellington, FL, 33414 uses $229,971 cash to close to unlock $2,192/yr annual cash flow and $183/mo monthly cash flow. Total monthly income runs $5,040/mo, and a $3,421/mo payment keeps the spread at $183/mo. Purchase price stands at $699,000, and rental yield measures 8.65% with $5,040/mo rent. Return on cash invested shows 21.01% in year one, and 5% annual appreciation builds toward $193,121 over five years. Five-year ROI reaches 109.74% and total cumulative return in cash records $252,362. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,040/mo property income covering a $3,421/mo payment rather than investor’s personal income.
Single Family
Built in 1993
4,851 sqft lot
$N/A/sqft
$150 quarterly HOA
Neighborhood data shown for ZIP Code: 33414, West Palm Beach, FL area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,453 (100%) |
| Owner Occupied HU | 15,335 (65.4%) |
| Renter Occupied HU | 5,950 (25.4%) |
| Vacant Housing Units | 2,168 ( 9.2%) |
| Median Home Value | $625,877 |
| Average Home Value | $714,976 |
Residential
22,416
Single Family
18,627
Multi-Family
3,789
Businesses
1,165
Date | Event | Price |
|---|---|---|
| 2024-12-23 | Listed for sale | $699,000 |
| 2023-11-14 | Sold | $525,000 |
| 2023-11-09 | Pending sale | $550,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-12-26 | $8246.00 | 10.86% | $367,203 | 10.00% |
| 2022-12-26 | $7438.00 | 12.71% | $333,821 | 10.00% |
| 2021-12-26 | $6599.00 | 0.88% | $303,474 | 1.14% |
Listed by: Stephen K Hachey • Flat Fee MLS Realty
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #F10477054
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 2024 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.
